Yen soars on Brexit concerns, hits three-year high versus euro

The yen soared to a fresh one-month high against the dollar and a three-year high against the euro during Asian trade on Monday, as nervous investors sought refuge in traditional safety of the Japanese currency on lingering fears about the U.K. referendum on European Union membership next week.

The U.S. currency USDJPY, -1.05%  slid to ¥105.85 compared with ¥106.96 late Friday in New York.

The euro EURJPY, -1.05%  weakened to ¥119.21, it cheapest level since April 4, 2013, then pushed down further to ¥119.12 midday. The euro was at ¥120.34 late Friday.

The U.K. pound GBPJPY, -1.46%  also hit ¥150.40, its lowest since Aug. 13 2013, but was last even lower at ¥150.26. The yen also rose against other rivals such as the Australian dollar.

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