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Yen eases however up for week as traders keep apprehensive over Ukraine tensions By Reuters


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© Reuters. FILE PHOTO: U.S. greenback and Japan yen notes are seen on this photograph illustration June 2, 2017. REUTERS/Thomas White/Illustration

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By Caroline Valetkevitch

NEW YORK (Reuters) – The safe-haven Japanese yen fell barely in opposition to the greenback on Friday, pulling again after current beneficial properties, however was up for the week as a collection of developments within the Ukraine-Russia disaster put traders on edge.

In afternoon New York buying and selling, the greenback was up 0.1% at 115.025 yen. For the week, the greenback was down 0.4% in opposition to the Japanese forex in its largest weekly share decline in a couple of month. Towards the Swiss franc – one other protected haven – the greenback was up 0.1% at 0.9212 francs.

Considerations a couple of attainable Russian invasion of Ukraine even have boosted demand for safe-haven bonds, with Treasury yields dropping on Friday.

On Friday, Russian-backed separatists in japanese Ukraine mentioned they deliberate to evacuate their breakaway area’s residents to Russia, whereas U.S. Secretary of State Antony Blinken mentioned the occasions transpiring within the border space over the previous two days are a part of a Russian state of affairs to create false provocations.

Information late on Thursday that Blinken had accepted an invite to fulfill with Russian Overseas Minister Sergei Lavrov late subsequent week gave some aid to investor jitters.

“Everyone seems to be fixated over what’s occurred with the Ukraine scenario. There is a large quantity of nervousness. Everyone seems to be hoping for some sort of deescalation however it simply does not appear to be that’s the course issues are going,” mentioned Edward Moya, senior market analyst, at Oanda in New York.

“The commerce has been about protected havens, and it has been an excellent week for the Japanese yen. In the present day the yen is barely softer however the general concern proper now could be you are getting into the lengthy weekend, and you continue to have lots rhetoric popping out of Russia,” he mentioned.

The Russian rouble weakened 1.26% versus the buck at 77.40 per greenback.

The euro was down 0.3% in opposition to the greenback at $1.1329, whereas the was up 0.3%.

final fell 1.3% to $40,025.

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Forex bid costs at 3:20PM (2020 GMT)

Description RIC Final U.S. Shut Pct Change YTD Pct Excessive Bid Low Bid

Earlier Change

Session

Greenback index

96.0500 95.8050 +0.27% 0.405% +96.1660 +95.7270

Euro/Greenback

$1.1329 $1.1362 -0.29% -0.35% +$1.1377 +$1.1314

Greenback/Yen

115.0250 114.9300 +0.11% -0.06% +115.2950 +114.7900

Euro/Yen

130.32 130.56 -0.18% +0.00% +131.1200 +130.2200

Greenback/Swiss

0.9212 0.9202 +0.14% +1.01% +0.9218 +0.9194

Sterling/Greenback

$1.3599 $1.3615 -0.12% +0.55% +$1.3642 +$1.3575

Greenback/Canadian

1.2750 1.2710 +0.31% +0.83% +1.2758 +1.2675

Aussie/Greenback

$0.7181 $0.7188 -0.10% -1.21% +$0.7228 +$0.7165

Euro/Swiss

1.0434 1.0453 -0.18% +0.63% +1.0482 +1.0427

Euro/Sterling

0.8329 0.8341 -0.14% -0.85% +0.8356 +0.8328

NZ

Greenback/Greenback $0.6695 $0.6694 +0.05% -2.16% +$0.6729 +$0.6688

Greenback/Norway

8.9855 8.9220 +0.65% +1.94% +9.0045 +8.8970

Euro/Norway

10.1812 10.1370 +0.44% +1.68% +10.1945 +10.1097

Greenback/Sweden

9.3895 9.3435 +0.21% +4.12% +9.4106 +9.2783

Euro/Sweden

10.6374 10.6149 +0.21% +3.94% +10.6525 +10.5516

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