It has been reported that U.S. military helicopters attacked Syrian targets near the middle-eastern nation’s border with Iraq.
Such geopolitical threats may spark risk aversion among investors, leading them to run towards safety. Historically, the Yen rose in value as volatility induced traders to dump their carry-trades. Over the past 8-weeks we’ve also seen the U.S. Dollar serve as a safe-haven currency throughout this turbulent period.
Overall, we may see forex traders flock to both the Japanese Yen and the greenback as worries over increased global political tensions add to the general sentiment of fear.