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Yen gains against majors, risk aversion amid falling equities supports currency

  • Risk aversion and slide in equities are supporting the Asian currency.

The Japanese yen gained against most of its trading partners on Thursday amid subdued mood in Asia following the street protests in Hong Kong on Wednesday. As hopes of US-China trade deal diminishes at the upcoming G20 meeting in Japan this month, the yen rallies on. At 9.30 AM GMT, the yen was up 0.15 per cent versus the greenback at 108.34, the EURJPY pair was flat at 122.42, while the Sterling slipped 0.28 per cent to 137.38 yen.