You are here

CURRENCIES

Yen fall continues as global stocks rally

yen.jpg
The yen fell for the third straight day on Wednesday as a rally in global stock markets sapped demand for safe-haven assets, while the low-yielding euro also weakened as a recent unwinding of risky euro-funded carry trades took a breather.

London

THE yen fell for the third straight day on Wednesday as a rally in global stock markets sapped demand for safe-haven assets, while the low-yielding euro also weakened as a recent unwinding of risky euro-funded carry trades took a breather.

Japan's Nikkei jumped 7.7 per cent