Amidst the tragedy that occurred in Japan due to the 8.9 earthquake and the tsunami aftermath, the yen rose against the dollar to the strongest level it has ever been in history. This was not good news for the already damaged country. The Nikkei (the Japanese stock market) declined tremendously right after the disaster, causing the yen to become extremely volatile. As a result, global trade is likely to be disrupted. As of now, the Japanese are trying to stabilize and reverse the trend of the yen. Therefore, in the next few weeks, people may see the yen move into the 80's against the US dollar.
I will keep you updated on the forex events that are occurring in relation to the natural disaster that occurred in Japan. Keep checking in!
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