Yen weakens slightly as investors warily eye U.K. referendum

The yen weakened against its rival currencies in Asian trade on Friday, but pared much of its earlier losses on lingering fears over the gathering momentum for Britain to leave the EU at the referendum on June 23.

The U.S. dollar USDJPY, -0.01%  advanced to as high as ¥104.84 earlier in the session before changing hands at ¥104.32. This compares with ¥104.25 late Thursday in New York.

The euro EURJPY, +0.05%  trimmed earlier gains to trade at ¥117.39 midday after touching an intraday high of ¥118.10. They compare with ¥117.04 late Thursday. The yen was also weaker, but trimmed losses against such currency peers as the U.K. pound and the Australian dollar.

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