Yen eases but up for week as investors stay worried over Ukraine tensions

Yen eases but up for week as investors stay worried over Ukraine tensions

Yen eases but up for week as investors stay worried over Ukraine tensions

NEW YORK (Reuters) – The safe-haven Japanese yen fell slightly against the dollar on Friday, pulling back after recent gains, but was up for the week as a series of developments in the Ukraine-Russia crisis put investors on edge.

In afternoon New York trading, the dollar was up 0.1% at 115.025 yen. For the week, the dollar was down 0.4% against the Japanese currency in its biggest weekly percentage decline in about a month. Against the Swiss franc – another safe haven – the dollar was up 0.1% at 0.9212 francs.

Concerns about a possible Russian invasion of Ukraine also have boosted demand for safe-haven bonds, with Treasury yields dropping on Friday.

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