(Bloomberg) -- The yen rose to a four-month high
against the dollar as a slide in U.S. stocks encouraged
investors to sell higher-yielding assets funded by loans in
Japan.
The yen gained to 117.33 per dollar at 7:15 a.m. in Tokyo
from 118.05 on Aug. 3 and reached 117.19, a level it last traded
at on March 29. It was also at 162.30 per euro from 162.58.
Read more at Bloomberg Currencies News
against the dollar as a slide in U.S. stocks encouraged
investors to sell higher-yielding assets funded by loans in
Japan.
The yen gained to 117.33 per dollar at 7:15 a.m. in Tokyo
from 118.05 on Aug. 3 and reached 117.19, a level it last traded
at on March 29. It was also at 162.30 per euro from 162.58.
Read more at Bloomberg Currencies News
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