The yen rose against the dollar and the euro again on Friday, 19th August 2011, as concerns about the US returning to recession kept investors glued to safety of the yen. With so much uncertainty, the yen is being favored against the dollar, and the Bank of Japan cannot intervene much since investors are buying yen because of its safe haven quality.I think after gold, yen is the most traded asset and I am holding a buy position for yen.
