Sunday, July 29, 2007

Yen rises, risk aversion overshadows Japan election

(Reuters) - But the yen gave up some gains as overall losses in Asian equities turned out to be limited, and as Japanese investors and other market players seized on the rise as an opportunity to sell the low-yielding yen for higher-yielding currencies.




"A lot of people are wanting to sell on any rallies," said Luke Waddington, head of forex trading at Royal Bank of Scotland in Tokyo.


Read more at Reuters.com Hot Stocks News

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