USD/JPY down to 101.40 on Ukraine Tensions

The Japanese yen gained broadly on Monday while investors sold risk currencies such as the Australian dollar after Ukraine’s mobilization to counter possible Russian invasion heightened geopolitical risks.

The U.S. also threatened to isolate Russia economically in Moscow’s biggest confrontation with the West since the Cold War.

The euro fell as low as 139.36 to the safe-haven yen, from 140.56 late in New York on Friday.  Both the U.S. dollar and the Australian dollar dipped to one-month lows of 101.25 yen and 90.08 yen respectively, with the slide in Tokyo shares adding an extra boost to the Japanese currency.

Reuters

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