Yen Near 6-Week High Versus Euro on Global Slowdown; Kiwi Falls

The yen traded near a six-week high against the euro as concern the global economic recovery is losing momentum boosted demand for safer assets.

Japan’s currency gained versus 12 of its 16 major counterparts before reports that economists said will show German investor confidence deteriorated, U.K. inflation slowed and Canadian factory sales declined. New Zealand’s dollar fell toward a five-week low versus the greenback on speculation the central bank will halt interest-rate increases. South Korea’s won gained the most in two weeks on speculation the authorities will allow it to rise to contain inflation.