Fri, 29 Aug 2014 08:14:11 GMT
Yen rises on safe haven demand
The safe-haven Japanese currency was pushed higher as
tensions in Ukraine flared up again. Ukraine's president stated that Russian
soldiers had entered into Ukrainian territory, which sent the Greenback lower
against the Yen and the pair was trading at 103.70. Furthermore, the Euro also declined
against the Yen as both the situation in Ukraine and low inflation weighted on
the currency and the EUR/JPY pair