Yen climbs to post-WWII high

The yen climbed to a post-World War II high against the dollar yesterday, after Europe's debt crisis spurred demand for safe havens.

Today, Japan's currency traded at 76.01 per dollar as of 7:05am London time from 76.09 in New York yesterday, when it climbed to a record 75.74. The yen was little changed at 105.72 per euro, after rising yesterday for the first time since 17 October. The euro was unchanged at $1.3908. "The yen is one of the few safe havens left," Grant Turley, a senior currency strategist at Australia & New Zealand Banking Group in Sydney told Bloomberg. "People are happy to be holding yen in preference to other things. The risk is policy makers will under deliver at the European summit." Europ...