Yen bid, bitcoin battered as Ukraine fears leave traders nervous

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Reuters UK

By Alun John HONG KONG (Reuters) – The safe-haven yen gained more ground on the dollar on Friday as U.S. President Joe Biden said Moscow is preparing a pretext to justify a possible attack on Ukraine, also supporting the Swiss franc and hurting bitcoin. The dollar slipped to a new two-week low of 114.78 yen in early Asia trade, and is down 0.5% so far this week. “The support level of 114.63 looks within reach today if more negative headlines on Ukraine emerge,” said CBA analysts in a morning client note, adding that markets were also focused on the Bank of Japan’s policy, as the central bank c…

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