King Dollar Pretender to Currency Crown as Yen Holds Supreme
- Yen seen benefitting from risk aversion in second half of year
- EUR/JPY may test 120 while AUD/JPY could see mid-70: analysts
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The resurgent dollar is proving no match for the yen.
Japan’s currency rose against every single Group-of-10 peer in the first half, with an average 4.8 percent gain. That’s outpaced the dollar, which trumped 8 peers and advanced 2.9 percent.