Euro, sterling, US dollar all flat on day

The Japanese yen was significantly stronger on Wednesday on reports, later denied, that Iran had fired a missle at a US military vessel in the Persian Gulf. Nervous investors looked for safer places to put their money, leading to an abandonment of many carry trades.

The yen added 1 percent against the US dollar, to ¥116.70, while it also gained 1 percent versus both the euro and sterling, to ¥155.70 and ¥229.23 respectively. The yen also gained in relation to the Australian and New Zealand dollars, adding 1.1 percent to ¥94.17 and 1.7 percent on the New Zealand respectively.

The US dollar, meanwhile, was unchanged against both the euro and sterling, to $1.3350 and $1.9650 respectively. Earlier, sterling had dropped to as low as $1.9598 versus the greenback. Sterling was also even against the euro, at £0.6795.

Story link: Euro, sterling, US dollar all flat on day