Yen, euro slip from long-term highs against US$

London

THE yen and the euro both retreated from long-term highs against the US dollar on Wednesday as markets looked to a series of US jobs releases due by the end of the week for fresh direction.

Measuring by the trade-weighted index used by the European Central Bank, the euro rose on Tuesday past levels around 96 assumed by the bank in its last forecasts, spurring speculation that officials may seek to talk the currency down.