The yen advanced broadly on Thursday as persistent U.S.-China trade fears and Br...
TOKYO - The yen advanced broadly on Thursday as persistent U.S.-China trade fears and Brexit concerns fanned risk aversion, lifting the safe-haven Japanese currency.
The Japanese currency also rose 0.15% against the euro, added 0.2% versus pound and advanced 0.3% on the Australian dollar. “While the currency market appears to have mostly priced in May’s eventual resignation, it is now trying to work out who might replace her,” said Yukio Ishizaki, senior currency strategist at Daiwa Securities.
In particular focus are headlines that could be negative for the technology sector, which in turn would lift the yen and the Swiss franc, he said.
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