Bloomberg News

Yen Gains Versus Euro, Dollar as Asian Stocks Decline for a Second Day

February 27, 2012

The yen advanced versus the euro and dollar as Asian stocks slid for a second day, boosting demand for the Japanese currency as a haven.

The yen gained 0.3 percent to 107.63 per euro as of 9:59 a.m. in Tokyo and rose 0.4 percent to 80.32 against the greenback. The MSCI Asia Pacific Index of shares dropped 0.3 percent, after declining 0.5 percent yesterday.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net


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