January 4, 2016: The JPY is the strongest. The NZD is the weakest.
The first day of trading for the new year, has the JPY as the strongest currency, while the NZD is the weakest. The JPY has been supported as a safe-haven currency. Worse than expected China data, tensions in the Middle East, and a tumbling stock market (S&P down 40 points in pre-market trading/Eurostoxx down 3.21% and the Dax down -4.3%/the Shanghai composite lost 6.86%) has traders looking to the JPY as a safe haven.