Yen stronger after G7 warning over exchange rates

The yen rose in Asian trade on Wednesday after the Group of Seven (G7) richest nations issued a warning over currency manipulation, as Tokyo faces claims it has orchestrated a slide in the yen.

The dollar bought 92.85 yen in Tokyo, down from 93.47 yen in New York on Tuesday, while the euro fetched 124.85 yen, from 125.75 yen. The single currency slipped to $1.3444 from $1.3454.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1149380/yen-stronger-after-g7-warning-over-exchange-rates