Home> Business» Published : 11 November, 2008 05:12:00

Yen rises against world currencies

The yen has risen against the dollar and the euro, with investor sentiment remaining jittery over global recession fears.

On Monday, Tokyo's Nikkei share average surrended previous gains, reducing investor risk appetite and supporting the yen, which has benefited in the recent environment of extreme risk aversion.

With foreign investors including hedge ...

...raising their cash holdings, the yen is likely to rise further if there are more funds rushing to liquidate positions.

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