Yen Falls, Euro Gains as U.K. Polls Tip Toward Staying in EU
- First survey after politician’s murder puts ‘Remain’ in lead
- Japanese currency drops for first time in seven days
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The yen fell for the first time in seven days as investor appetite for higher-yielding currencies improved after the latest U.K. polls suggested Britons will vote to stay in the European Union in a June 23 referendum.
The euro rose for a second day after the first survey taken after the murder of pro-European lawmaker Jo Cox showed the “Remain” camp gaining momentum, reversing a trend of the previous week, when a series of polls swung in favor of an exit from the bloc. The pound headed for its biggest jump since 2008, while other high-yielding currencies strengthened, such as the Australian and New Zealand dollars.