3rd March 2014
The yen has made gains against all of its major peers following Russia's decision to send troops into Ukraine.
Russian leader Vladimir Putin has received approval to move military forces into the Crimea and this move has sparked demand for safe haven assets.
As of 10:30 GMT, the Yen stood at 101.29 per dollar. Earlier in the day it had reached 101.35 - its strongest level against the Greenback in a month.
The Japanese currency was up 0.62 per cent on the Euro, coming in at 139.54. Against sterling it has increased by 0.55 per cent to 169.5 per pound.
In other forex trading news, the pound has dropped 0.07 per cent against the dollar to $1.6733.
This represents a recovery from previous session lows of $1.6702. Positive UK manufacturing data from the latest Purchasing Mangers' Index was the main factor behind this.
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