The Japanese yen rose today as the concern that the sovereign-debt crisis in Europe will worsen bolstered attractiveness of Japan’s currency as a safe haven.
The International Monetary Fund lent €26 billion euro, but said that the loan “entails important risks”. Germany’s Finance Minister Wolfgang Schaeuble stated that bondholders have to contribute a ”substantial” portion of a second bailout package for Greece. The MSCI World Index retreated 0.2 percent.
USD/JPY went to 79.82 down from 80.08 today as of 9:51 GMT after rising to 80.26. EUR/JPY dropped to 117.11 from 117.64.
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