FOREX-Yen repairs some damage as dollar charge slows


Reuters | Tokyo | Updated: 21-02-2020 14:07 IST | Created: 21-02-2020 13:56 IST
FOREX-Yen repairs some damage as dollar charge slows
Representative image Image Credit: Pixabay
  • Country:
  • Japan

Japan's yen bounced sharply in early European trading on Friday, as traders swooped back into the currency after its worst four-day run in years.

The Japanese currency had lost 2% against the dollar in the previous two days as worries about the impact of the coronavirus on Asia had spread, but its early burst in London left it up 0.5% on the day at 111.5 yen.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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