Yen bid, Bitcoin battered as Ukraine fears leave traders nervous - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The safe-haven yen gained more ground on the dollar on Friday as US President Joe Biden said Moscow is preparing a pretext to justify a possible attack on Ukraine, also supporting the Swiss franc and hurting Bitcoin.

The dollar slipped to a new two-week low of 114.78 yen in early Asia trade, and is down 0.5% so far this week.

US President Joe Biden said Moscow is preparing a pretext to justify a possible attack and the Kremlin expelled an American diplomat. “Crypto has shown us once again that it is a high beta risk asset, and it has a dark sinister look that could morph into something ugly,” said Chris Weston, head of research at Melbourne based brokerage Pepperstone in a morning email.

 

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