Markets

Yen recovers, euro falls one percent on day

Published April 12, 2013 Updated April 12, 2013 09:33am

1 min

By Shoaib Ur Rehman

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LONDON: The euro fell more than one percent on the day versus the yen on Friday as investors cut short yen positions and booked profits after a sharp slide triggered by the BOJ's massive policy easing steps.

The euro was down 1.2 percent on the day at 129.015 yen, moving away from a near three-year high of 131.1 yen hit on Thursday.

The dollar was also down 0.7 percent against the yen at 98.98 yen.

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