Yen appreciates as growth worries increase safety bid

Source: Bloomberg
© Scanpix/Reuters
The Japanese yen gained versus most major peers on worries of U.S. growth slowdown and emerging markets are slowing increased demand for the safe haven currency. Japan's currency advanced 0.5% to 101.11 per Dollar as of 8:17 a.m. in New York, after declining 0.7% on Tuesday. The Yen added 0.4% to 136.87 versus the 18-nation currency, while the Euro traded at $1.3534 today.
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