USD/JPY Steady at 101.40 as Riskier Assets Dumped

The yen held onto chunky gains early on Tuesday, having been squeezed higher as skittish investors dumped riskier assets amid tensions over Russian military intervention in Ukraine.

The euro traded at 139.30 yen after falling 0.8 percent on Monday, while the dollar fetched 101.43 yen not far from a one-month low of 101.20.

Russian President Vladimir Putin’s forces have tightened their grip on the Russian-speaking Crimea region, a move described by U.S. President Barack Obama as a violation of international law and of Ukraine’s sovereignty.

CNBC

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