Dollar falls as investors seek safety in yen over ‘Brexit’ polls

The yen remained higher against its rival currencies on Wednesday, as investors bought the safety of the Japanese currency after public polls showed a shifting towards so-called “Brexit” ahead of the closely watched referendum later this month.

The U.S. dollar USDJPY, -0.68%  was at ¥110, compared with ¥110.72 late Tuesday in New York. The greenback weakened to as low as ¥110.40 overnight.

The U.K. pound GBPUSD, -0.1450%  was changing hands at ¥159.44 midday in Tokyo after nose-diving to ¥159.85 overnight Tuesday, from around ¥162.75. Meanwhile, the euro EURJPY, -0.71%  declined to ¥122.37 from ¥122.99 late Tuesday.

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