Yen Holds Weekly Gains Versus Most Peers Amid Ukraine Crisis


BESTPROFIT FUTURES (28/04)  – The yen held weekly gains against most of its 16 major peers as escalating tension in Ukraine spurred investor demand for safety.

The ruble fell last week as the U.S. and European Union prepared to impose new sanctions as early as today on Russian companies and individuals close to President Vladimir Putin. Demand for the yen was limited before the Bank of Japan and the Federal Reserve set policy this week. Australia™s dollar remained higher after rebounding from a three-week low.

The yen was little changed at 102.11 per dollar as of 10:56 a.m. in Tokyo from April 25, when it capped a 0.3 percent weekly gain and reached 101.96, the strongest since April 17. Japan™s currency gained 0.1 percent to 141.15 per euro. The single currency slid 0.1 percent to $1.3823.


Copy Source: Bloomberg