The U.S. Dollar saw some broad gains today, touching on its highest level in more than 3 weeks versus the Japanese yen, as the rising prices of shares helped to ease risk aversion, subsequently putting the Yen under pressure to sell. According to Steve Barrow of London’s Standard Bank, because stock prices are firming somewhat, there is some “bias towards risk taking.” As a result, the Japanese Yen is seeing the most trading activity.
