BLBG Yen Strengthens as Asian Stock Losses Spur Demand for Safety
Aug. 12 (Bloomberg) -- The yen rose against all 16 major currencies as Asian stocks extended a global slide in equities, spurring demand for the relative safety of Japan’s currency.
The yen climbed to 135.33 per euro as of 11:13 a.m. in Tokyo from 135.82 in New York yesterday, when it rose to 135.26, the strongest level since Aug. 3. Japan’s currency advanced to 95.61 per dollar from 95.99. The U.S. currency traded at $1.4154 per euro from $1.4149.
