Yen strengthens as U.S. and EU impose sanctions on Russia

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Source: Bloomberg
The Yen jumped to five-month high against the Euro today and grew versus all of its 16 major counterparts as the U.S. and European Union laid out further sanctions on Russia. The Yen increased 0.2% to 137.30 per euro and 0.2% to 101.52 per dollar. Economists suggest more defensive positioning in markets and potential benefits for the Yen in the nearest future.
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