Investors are bracing for another volatile week as they eye the potential for more currency intervention and try to pick their way through unsteady markets amid Japan’s ongoing nuclear-plant crisis and the western coalition’s campaign in Libya.
There will be few pointers from Japan on Monday at least, where markets are closed for a national holiday. Last week’s wild swings in currencies that sent the yen to a record high, followed by the first concerted intervention by leading nations in 11 years have left participants bruised and unsure of how best to protect themselves from turmoil.
Many investors are thought to have temporarily cashed out holdings, avoiding even traditional havens such as gold while they wait for further news.
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