Yen Benefits from Iraq Fears

The yen and Swiss franc rose on Friday as investors sought the relative safety of these currencies after yet another spurt of geopolitical tension that saw the United States launch an air strike against Iraq for the first time since American troops withdrew in 2011. Fighting has also resumed in Gaza between Palestinian militants and Israel, while the conflict between Russia and Ukraine remained very much on investors' radar. While the Gaza and Ukraine crisis has been raging for weeks, the Iraq



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