Yen Reaches Strongest Level Since 2013 Versus Euro on Haven Bid

  • Declining stocks, lower odds of Fed rate increase help yen
  • Rapid move to 105/dollar may spur official action: Rabobank

The yen gained versus the euro, reaching its strongest level in more than three years, as a decline in stocks and increasing doubts that the Federal Reserve will tighten policy in coming months helped boost demand for the relative safety of the Japanese currency.

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