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Forex: USD/JPY hovering over highs around 95.40

The Japanese yen is losing ground against its American counterpart on Wednesday, as the risk-on mode is prevailing in the markets so far. Weakness in the yen is now pushing the cross to fresh intraday highs in the vicinity of 95.50...
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Forex Flash: Cyprus developments supporting yen in near-term - BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ believes that Yen strengthen overnight, benefiting from more risk averse trading conditions, reflecting heightened uncertainty regarding an external financial support package for Cyprus.
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