Japan��s
currency was near a two-month high versus the dollar as fighting in
Ukraine and anti-China violence in Vietnam prompted demand for safety.The yen held a three-day gain as the yield premium 10-year U.S. Treasuries offer over similar-maturity Japanese government bonds was near a seven-month low. Federal Reserve Chair Janet Yellen speaks this week and a Labor Department report on May 22 is forecast to show the number of Americans applying for jobless benefits increased. The euro traded near more-than-two-month lows versus the yen and the greenback as speculators turned bearish on the 18-nation currency.
The yen traded at 101.58 per dollar at 11:53 a.m. in Tokyo from 101.50 at the end of last week, having gained 0.7 percent in the previous three sessions. It touched 101.32 on May 15, the strongest since March 19. Japan��s currency fetched 139.23 per euro from 139 on May 16, when it reached 138.78, the strongest since Feb. 12. The euro was little changed at $1.3707 after touching $1.3648 on May 15, the least since Feb. 27.
Source : Bloomberg
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