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Japanese Yen Plunges As US Stocks Rocket Over 4% Higher

Thursday, 16 October 2008 20:05:02 GMT

Written by Terri Belkas, Currency Strategist

The Japanese yen has plunged across the majors on a volatile day of trading. In fact, US stock markets managed to finish the day up over 4 percent after spending most of the day in negative territory, but it's clear that investors aren't necessarily "confident" quite yet, as the CBOE's VIX Volatility Index remains dangerously close to record highs.

Currency Performance Versus the Japanese Yen Since Yesterday
volatility_101608_2
Source: Bloomberg




Dow Jones Industrial Average (Intraday Chart)
volatility_101608_1
Source: Bloomberg




VIX Index (Daily Chart)
volatility_101608_3
Source: Bloomberg

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