Yen rallies as investors unwind risks in high volatility markets?
The Yen held near 10-week highs against the Dollar after posting its biggest jump in a year as investors? unwound risky trades on fears of rising volatility in financial markets. In additions, the decline in global stock prices including the biggest fall in Chinese stocks prices in a decade, soft US economic data and growing tensions with Iraq forced investors to cut exposure to risk. The sell-off in the Dollar came after a report showed an unexpectedly sharp drop in US Durable Goods Order in January, adding to speculation the Federal Reserve may cut interest rates later this year to support a slowing economy?