Yen rises as Asian and European markets fall

The Japanese currency increased on Wednesday strengthening against all of its 16 most-traded peers as drops in European and Asian markets spurred demand for haven assets and as Bernanke signaled that easy monetary policy may be remained until needed. The Yen gained 0.1% to 100.07 per U.S. Dollar as of 8:13 a.m. in London after it dropped to 100.44 on November 15, the least since September 11.