The yen hit the highest in a week versus the dollar following the Ukraine tensions that is bringing the safety sentiment among the investors. On 24th April, U.S. Secretary of State John Kerry gave a warning for Russia to follow the consensus that is intended to de-escalating the Ukraine crisis. Nagayuki Yamagishi, a senior analyst in Tokyo at Money Square Japan Inc, foreign-exchange broker. said in a statement that the yen is viewed as a safe destination upon the escalating Ukraine situation.
Against the dollar, the yen traded at 102.40 at the time of 12:14 p.m. in Tokyo. It moved up by 0.2 %, the strongest since April 17. Against the euro, the yen traded at 141.66, moving down from 0.2 % weekly. The euro was at 1.3835 against the euro from the level of 1.3831, making a 0.2 % decrease.
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