Yen Rises After Strong Bond Auction

The yen gained ground against the dollar following strong demand at a long-dated Japanese government bond auction. Meanwhile, European currencies held steady despite rising political unrest in France and Italy.

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Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration

The Japanese yen rose 0.2% to 158.15 against the United States dollar during Tuesday's Asian trading session after a 20-year bond auction drew record demand. The currency move snapped a two-day losing streak against the greenback.

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