If you enjoy the content at iBankCoin, please follow us on TwitterThe yen gained against its major peers as turmoil in the Spanish banking sector added to signsEurope’s debt crisis is spreading to the region’s larger economies, boosting demand for safer assets.
The yen reached a more than three-month high versus the greenback as Japan’s benchmark bond yield fell to the lowest level since 2003 amid losses in global shares. The euro slid for an eighth-straight day against the yen, the longest losing streak in almost two years, before data tomorrow forecast to show the jobless rate rose to a record and manufacturing contracted across the 17 nations that share the currency.
