The value of binary options on the yen versus the US dollar declined aiming at the psychological level of 100. The great volatility in the Japanese market appears to have been, to a large degree, influenced by the drastic changes in the value of the yen. As the yields on the Japanese bonds reached 1% binary options investors have started favoring investments in the yen hence causing the demand for the currency to increase. The increased demand causes the price to rise, offsetting any eventual...
Read Full Story