Yen Jumps After Record Demand at Japan’s 20-Year Bond Auction
The yen snapped a two-day losing streak against the dollar in Asian trading after Japan’s 20-year government bond auction drew record demand. The euro also found relief as political risk in Europe continued to test traders’ nerves.
By Gregor Stuart HunterThe yen snapped a two-day losing streak against the dollar in Asian trading on Tuesday after an auction of long-dated Japanese government bonds drew record demand, while growing political risk in Europe continued to test traders' nerves.An auction of 20-year Japanese governme…