Mon, 03 Mar 2014 08:15:39 GMT
Yen rises as Putin boosts demand for safe haven
Japan's yen appreciated versus its 16 major counterparts as the President of Russia Vladimir Putin intensified the serious standoffs in Ukraine's Crimea region, sparking haven asset demand. Japanese currency advanced 0.4% to 101.42 per greenback at 12:43 p.m. in Tokyo, after it touched 101.26, the highest level since Feb. 6. It climbed 0.5% to 139.73 per 18-nation currency.