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The Economic Times
The Economic Times
Business

Yen jumps after JGB auction draws big demand, euro finds relief

Euro Japanese Yen Emmanuel Macron France Bonds US Dollar Italy Protests

The yen snapped a two-day losing streak against the dollar in Asian trading on Tuesday after an auction of long-dated Japanese government bonds drew record demand, while growing political risk in Europe continued to test traders' nerves.

An auction of 20-year Japanese government bonds received bids worth 5.84 times the amount sold, handily beating the 4.01 times at the previous auction last month. That propelled the yen 0.2% higher to 158.15 yen against the US dollar.

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