(Reuters) - The yen hit a three-month high against the dollar and a six-week high versus the euro on Friday as a sell-off in credit and stock markets forced investors to cut back on risky carry trades.
But the yen quickly gave up gains, with the high-yielding Australian and New Zealand dollars rising sharply as Japanese investors took the yen's rally as an opportunity to buy foreign currencies and assets.
Read more at Reuters Africa
But the yen quickly gave up gains, with the high-yielding Australian and New Zealand dollars rising sharply as Japanese investors took the yen's rally as an opportunity to buy foreign currencies and assets.
Read more at Reuters Africa
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