Yen eases versus dollar

Posted by 7Star Friday, April 10, 2009

The yen drifted lower against the dollar on Thursday, eating into some of its gains made the previous day, but market activity slowed ahead of the Easter holiday weekend. Volatility in stock markets has been buffeting investors risk appetite, prompting them to cut bets built in recent weeks on higher-yielding currencies like the Australian dollar and helping the yen recover from multi-month lows hit this week.

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