HONG KONG : The safe-haven yen gained more ground on the dollar on Friday as U.S. President Joe Biden said Moscow is preparing a pretext to justify a possible attack on Ukraine, also supporting the Swiss franc and hurting bitcoin.
Early morning exchanges of fire on Thursday between Kyiv's forces and pro-Russian separatists - who have been at war for years and where a ceasefire is periodically violated - have renewed Western fears of an imminent Russian invasion. At the other end of the risk spectrum, bitcoin was trading around $40,500, around a two-week low, after a tumble late on Thursday left it down 7.6per cent on the day.
Central bank policy was also a factor in the yen, after the BOJ this week offered to buy an unlimited amount of benchmark 10 year government bonds to underscore its resolve to contain domestic borrowing costs.
Source: Digital Coin News (digitalcoinnews.net)
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