- Yen rallies on flight to safety
- Euro/dollar falls to 20-year low of $1.00720
- Steady or strong U.S. jobs data could lift USD – analysts
LONDON, July 8 (Reuters) – Safe-haven demand lifted the yen and the U.S. dollar on Friday after former Japanese prime minister Shinzo Abe was shot while campaigning for a parliamentary election.
The euro, at a 20-year low, was falling towards parity against the dollar and set for its worst week in four months as Europe braced to tip into recession, while markets awaited U.S. jobs data.
Abe was shot on Friday in the western city of Nara, with Prime Minister Fumio Kishida saying Abe was in a grave condition. read more
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The yen rose as much as 0.5% immediately after the news. At 0810 GMT, it was up 0.2% at 135.81 per dollar.
“I think the yen is just playing its safe-haven role,” said Bart Wakabayashi, branch manager at State Street in Tokyo.
“FX…
