The Traderszone Network

Published in TZ Latest News 15 May, 2014 by The TZ Newswire Staff

Stronger yen hits Japan shares, lower yields pressure dollar

Asian shares were under pressure on Friday, with Japanese stocks skidding as the yen rose against the dollar, which has struggled in recent days on the back of lower U.S. Treasury yields. The dollar traded little changed at 101.53 yen, off a two-month low of 101.31 yen hit Thursday on the back of a continued decline in U.S. Treasury yields.