The Japanese yen together with the Swiss franc were the weakest currencies at the start of the year due to traders’ risk appetite. The last trading day of the week was not different as the yen slid against its most-traded rivals, reaching a new multi-year low versus the euro.
Many global stock indices were at record highs, signaling about confidence among investors. Commodities and riskier currencies were also benefiting from the wide-spread risk appetite on markets. At the same time, that means speculators had few reasons to buy safer currencies, like the yen and the franc.
USD/JPY jumped from 112.74 to 113.22 as of 12:54 GMT today. EUR/JPY climbed from 136.06 to 136.48, trading near the highest level since October 2015.
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