Yen broadly higher in Asia, euro under pressure

April 14, 2015 5:30 AM

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Yen broadly higher in Asia, euro under pressure

TOKYO/SYDNEY (Reuters) - The euro brushed a fresh two-year low against a broadly firmer yen on Tuesday, as the Japanese currency doggedly held on to gains made in the previous session.

Analysts and market participants said the trigger for investors to unwind their bearish yen positions overnight was comments from Koichi Hamada, an economic adviser to Japan's Prime Minister Shinzo Abe. Hamada told a TV programme on Monday that the yen's current level of around 120 per dollar is ver...

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