The Traderszone Network

Published in TZ Latest News 11 January, 2017 by The TZ Newswire Staff

USD/JPY down but not out as Trump spooks markets

So, Donald Trump finally spoke and down went stocks and the dollar. Shares of biotech stocks took a hit after the President-elect signalled that his U.S. government would negotiate aggressively on the price it pays for drugs. The U.S. dollar/Japanese yen currency pair, which tends to correlate positively with stocks, slumped.