(Bloomberg) -- The yen rallied against the New
Zealand and Australian dollars as a slump in global stocks
prompted traders to cut investments in higher-yielding assets
funded by borrowing Japan's currency.
The Japanese yen headed for the biggest weekly advance
against the U.S. dollar in almost five months and a second week
of gains against the euro after a drop in Asian equities and
corporate bonds.
Read more at Bloomberg Currencies News
Zealand and Australian dollars as a slump in global stocks
prompted traders to cut investments in higher-yielding assets
funded by borrowing Japan's currency.
The Japanese yen headed for the biggest weekly advance
against the U.S. dollar in almost five months and a second week
of gains against the euro after a drop in Asian equities and
corporate bonds.
Read more at Bloomberg Currencies News
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