FX: Yen Declines as Global Recovery Signs Reduce Demand for Refuge
March 31 (Bloomberg) -- The yen touched an almost eight- week low versus the euro as signs the global recovery is gathering steam damped demand for Japan’s currency as a refuge. The Japanese currency headed for its biggest monthly drop in a year versus the euro before a report tomorrow that may indicate confidence among Japan’s large manufacturers increased, boosting appetite for investments in countries with higher long- term interest rates. Full Story