The yen’s liquidity makes it an attractive safe-haven currency for investors. Indeed, the dollar fell today 0.1%, to 98.44 yen. Overall trading volume was low due to holidays in Japan and the United States. “The seemingly once-dismissed threat of a U.S. default is very much alive,” said Christopher Vecchio, currency analyst at FXCM-owned DailyFX.co. “The re-introduced tension has the Japanese yen reviving its role as safe-haven du jour,” hurting the dollar’s value.
Markets ended the week on a positive note with the Dow Jones up 1.09% and the S&P 500 rising 0.75%. The MCSI Emerging Markets Index outperformed both major U.S. indices and gained 1.70%.
Big gainers in your Bull Market Alert portfolio included Bank of Ireland (IRE), which jumped 5.03%, and last week's recommendation, Melco Crown Entertainment Limited (MPEL), which rose 3.19%.
You were stopped out of Priceline (PCLN) at $1,000 on Oct. 8 for a 4.14% gain. The posi
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