Yen drops most in two weeks since Ukraine risks ease

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Source: Bloomberg
© RS
The Japanese Yen fell to the lowest point in two weeks against the Dollar since president of Russia, Vladimir Putin, stated that no direct necessity is needed to send forces to Ukraine, thus curbing safe asset demand. The Yen declined against all of the 16 major peers, while the Ruble gained. Japan's currency depreciated 0.4% to 101.85 against the Dollar at 6:51 a.m. in NY, sliding to the lowest decline since February 18 and dropped 0.6% to 140.19 versus the Euro, which allowed the common currency to strengthen 0.2% to $1.3764.
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