Yen gains as euro and yuan troubled by European vote and trade

Reuters | May 17, 2019 at 11:53 AM
  • The Japanese yen strengthened on Friday, attracting safe-haven buying amid concerns over trade tensions and impending European Parliament elections.
  • The yen has also benefited from falling government bond yields.
  • The offshore Chinese yuan weakened to as low as 6.9497 against the dollar, its weakest level since Nov. 30.