Yen hits 3-year high against euro on Brexit woes

London

THE yen surged to its strongest level against the euro in more than three years on Tuesday as the chances of Britain voting next week to leave the European Union grew, pushing investors towards the security of Japan and other traditional safe havens.

As opinion polls continued to show the "Leave" camp moving ahead before the June 23 vote, and Britain's biggest selling paper, The Sun, came out in favour of leaving the bloc, sterling fell one per cent to a two-month low of US$1.4112.