TOKYO, Oct 10 (AFP) : The yen picked up strength in Asia on Friday as dealers sought out safer bets after poor German data and an IMF warning of possible eurozone recession exacerbated concerns about the global economy.
The dollar, which touched a six-year high above 110 yen last week, slipped to 107.79 yen from 107.84 yen in New York.
The euro fetched 136.86 yen against 136.87 yen in US trade and well down from the 137.70 yen earlier Thursday in Tokyo.
The single currency was up slightly at $1.2697 against $1.2691.
Gloomy sentiment also took a bite out of the Australian dollar, which weakened to 87.74 US cents from 88.80 cents the previous day.
Data on Thursday showed German exports slumped 5.8 per cent, while four leading think tanks slashed their growth forecasts for the eurozone's largest economy.
Yen rises on global economy worries
FE Team | Published: October 11, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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