Safety-bid lifts yen after former PM Abe shot

Published by
Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – The Japanese yen and the U.S. dollar rose in Asia on Friday as investors leapt to safe assets after former Japanese prime minister Shinzo Abe was shot, and as market jitters grew ahead of highly anticipated U.S. jobs data. Abe was shot on Friday while campaigning, a government spokesman said. His condition was unknown. The yen rose as much as 0.5% immediately after the news, before steadying around 135.60 per dollar. “I think the yen is just playing its safe-haven role,” said Bart Wakabayashi, branch manager at State Street in Tokyo. “FX market players (a…

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