6/6/2017, 3:49 PM (Source: TeleTrader)
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Risk aversion takes yen to April highs versus dollar

Safe havens such as United States bonds, gold and the yen enjoyed gains on Tuesday ahead of the snap election in Britain, with risk aversion sentiment fueled further from the Qatar diplomatic crisis. US President Donald Trump said he has told Middle Eastern leaders during his recent tour of the region that "there can no longer be funding of radical ideology," and noted they then pointed to the government in Doha.

The Japanese currency reached the strongest point against the dollar since April 21, of ¥110.5385, and a record high since April 24 against the pound, which bought just ¥140.8635. The greenback was down 0.91% at ¥109.4445 and sterling traded 1.01% lower at ¥141.1025. The Canadian dollar fell 0.81% to ¥81.31, compared to the daily low of ¥81.084, unseen since May 18. The euro shed 0.76% to ¥123.3775, after dipping to ¥122.933, also the weakest level in almost three weeks.

Baha Breaking News (BBN) / IT