Yen Gains Against Euro as Stock Losses Revive Demand for Safety

Aug. 25 (Bloomberg) -- The yen advanced against the euro after Asian stocks fell on renewed concerns that the U.S. financial crisis will linger, reviving demand for so-called safe-haven currencies.

The yen rose to 134.70 per euro as of 9:41 a.m. in Tokyo from 135.27 in New York yesterday. Japan’s currency traded at 94.22 yen per dollar from 94.56. The U.S. currency was at $1.4292 per euro from $1.4304.