Hang up your trading shoes and run for the hills. The Yen is heading towards 80 Yen to a dollar (if you believe everything you read) as the world switches to safe havens rather than risk. Double dip anyone? The FOMC certainly thinks so!
On the same note, the relatively higher safe haven inflows into Yen and Yen’s ride all the way upto 84.73 yesterday also put into perspective investor’s view of the US dollar as a safe haven asset.