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.