Yen drops, dollar on defensive as central banks seek to reassure markets

The currency market's "initial response has been a 'risk positive' one," Ray Attrill, head of foreign-exchange strategy at National Australia Bank wrote in a note to clients, pointing to the yen's slide and Aussie's rebound in particular.

Yen drops, dollar on defensive as central banks seek to reassure markets
The currency market's "initial response has been a 'risk positive' one," Ray Attrill, head of foreign-exchange strategy at National Australia Bank wrote in a note to clients, pointing to the yen's slide and Aussie's rebound in particular.