Yen strengthens on earnings concerns

Source: Bloomberg
© Scanpix/Reuters
The Yen advanced versus all the major peers as earning concerns pushed down Asian stocks, increasing demand for haven assets. The Yen strengthened 0.3% to 80.02 per U.S. Dollar after touching 80.38, the weakest level since June 25. Japan's currency rose 0.3% to 103.54 per Euro. The MSCI Asia Pacific Index slipped 0.9% after companies including China Unicom Ltd. And Fanuc Corp. reported earnings, which missed forecasts. 
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