MTECHTIPS GLOBAL HAPPENINGS

MTECHTIPS:-GLOBAL HAPPENINGS

The yen extended its recent rise as investors fled to safety in the wake of sharp losses for Japanese equities. The dollar fell back towards the Y100 level against the Japanese currency, hitting a low in the session of Y100.74. The yen has gained 2.6 per cent in three sessions after climbing 0.2 per cent to Y101.08 on Monday. Gains have been driven by rising Japanese government bond yields, and Bank of Japan officials have been keen in recent days to reiterate that it can cope with rising interest rates.