Yen rises as banks reopened in Cyprus

The Japanese currency appreciated to its strongest level in one month against the Euro as a demand for safer assets was boosted after the Cypriot banks reopened on Thursday for the first time since they were closed once the bailout plan was approved by the nation's government. The Yen climbed 0.1% to 120.55 per euro after recording the highest level since February 27 at 119.75.