Yen currency exchange rate strengthened

The exchange rate of the yen has strengthened despite the surprising consequences of the catastrophic earthquake and tsunami.

Chris Towner, director of advisory services to HiFX FX, said the trading environment in the foreign exchange market was stable.

He added that this is in contrast to equity markets, which saw global stocks has hit a low of two and a half months.

However, the main reasons for the stability of the yen exchange rate are the fact that he has a reputation for risk aversion, the insurance market-flux in the Japanese yen to meet the huge claims and repatriation, most large multi-national companies to begin to rebuild.

Dr. Towner added that the pound should not weaken aggressively following the natural disaster, however, he noted that the book should "trade on the back foot in the coming weeks, " helped by the uncertainty for the Bank of England to hold off to raise interest rates is imminent.