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Fear Radiation Will Reach the US

The situation in Japan’s troubled Fukishima nuclear reactors isn’t improving. There are fears that the radiation from the plants will not only hurt Japan, but will also cross the Pacific and reach the United States.Nuclear radiation might eventually reach Europe as well. This won’t be in dangerous levels like in Japan (and especially in the capital Tokyo), but it will sure raise the fear bar.

The result may be higher oil prices, now seen as a safer way to produce electricity. Higher oil and nuclear radiation in the US will both hurt the US dollar, even against the Japanese yen. USD/JPY collapsed overnight. Although the recovery was quick, Dollar/Yen is still under 79.75 – the previous historic low.

For more about the yen, see the USD JPY Forecast.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.