BUSINESS ERA

Investors in the stock market seems to have decided on the direction of motion, and the major stock indexes so far spolzli to minimum levels in late April / early May, that did not pass imperceptible to the foreign exchange market participants. It is very painful to the deteriorating mood of investors reacted pound / dollar, however, particular attention is drawn by crosses of the Japanese currency, which reacted to the events in the stock market following a sharp fall. Yen in recent days has shown a fairly active and generally strengthening the recently become more sensitive to changes in investor sentiment. Some attribute this to the restoration of interest in it as an asset of refuge, but one European dealer notes that earlier this year, a burst of optimism in the markets could have inspired some investors to resume the strategies carry trades, and ongoing growth of the Japanese currency, perhaps a reflection of Elimination of these positions.