2016-06-16bloomberg.com

``Gold surged to the highest in almost two years as the outlook for low U.S. interest rates and concern that the U.K. will leave the European Union boosted demand for a haven.'' -- See also Yen Surges to Almost Two-Year High as `Brexit' Storm Gathers Force :

The yen soared to its highest level against the dollar in nearly two years after Japan's central bank left its policy unchanged, the latest sign of how next week's U.K. vote on whether to leave the European Union is tying the hands of global policy makers.

The Japanese currency Thursday jumped by as much as 1.7% after the Bank of Japan announced its decision, briefly touching 103.58 to the dollar, its strongest level since August 2014, as traders took the central bank's inaction as a signal the currency would head higher.



Comments: Be the first to add a comment

add a comment | go to forum thread