Yen depreciates due to lower safe haven demand

Source: Bloomberg
© Scanpix/Reuters

The Yen was lower for the fourth straight day as geopolitical tensions eased and haven demand fell. As Ukraine has compromised and allowed Russian aid to the war-torn regions the Japanese currency fell 0.1% against both the Dollar and the Euro and was trading at 102.56 and 136.97, respectively. Meanwhile, the Won has Jumped 0.8% against the Dollar after its central bank lowered the interest rate.

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