Yen higher on worries over Brexit voteTOKYO -- The yen pushed higher against the dollar and euro Thursday while the pound recovered some of its losses as traders weighed the fallout of Britain's vote to leave the EU. The euro bought 112.07 yen against 112.43 yen and was practically unchanged against the dollar, changing hands at US$1.1099 from US$1.1097 in U.S. trade. "After all, the rating has not been cut, merely the risk of a cut to the rating has increased." Investors sought out safe assets, pushing the dollar down to 100.94 yen from 101.31 yen in late trade in New York, while the pound strengthened after hitting a 31-year low of US$1.2798 earlier on Wednesday. "We do not believe S&P's news is a trigger for a big fall," said Capurso of Commonwealth Bank of Australia.

Source: The China Post July 07, 2016 17:48 UTC