Economic news

Review: Geopolitical risks generate yen demand

The yen, a favorite "safe harbor" of investors in periods of political tensions due to Japan's position as the largest creditor country in the world, showed significant rise on Wednesday.

The dollar traded at 109.47 yen, sinking to 109.35 during the trading session.

The euro fell to its lowest level in five months at 116.02 yen and on its way to the 12th session of losses in a row, which is a record for the single European currency. The euro was more stable against the dollar at $1.0600.

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