The Japanese yen continued to appreciate against the U.S. dollar during the final week of April, with the exchange rate slipping to a fresh monthly low.
The Japanese yen weakened against most of its major counterparts this past week and will likely continue its southern journey as risk appetite regain its footing.
The Japanese yen outperformed last week, rising against all of its major counterparts on the coattails of a sharp drop in risk appetite amid fears that turmoil in the Middle East will push up oil prices.
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