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Yen strengthens on weaker European stocks

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Published Wed, Feb 3, 2016 · 09:50 PM

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    London

    THE yen rose on Wednesday as weaker stock markets in Europe spurred investors to buy safe haven assets, dampening the impact of last week's shock decision by the Bank of Japan to adopt negative interest rates.

    The market's focus returned to global growth worries, and disappointing earnings sent European stock markets down as much as one per cent.

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