Yen falls for second straight day as risk appetite rebounds
Economies.com
2018-04-19 06:01AM UTC
Yen fell on Thursday for the second straight session as demand on safe havens diminished and risk appetite increased in markets, buoying Asian stocks.
USD/JPY fell to 107.39 from the opening of 107.21, with a session-low at 107.18, and a high at 107.51.
US treasury yields rose to one-month highs yesterday, shifting liquidity from yen to treasury bills, while dollar recovered against a basket of major rivals.
Asian stock indices rose en masse today, heaping pressure on safe haven yen, as global trade tensions ease.
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