The pound strengthened against the euro, set for a second weekly gain, after a report showed U.K. house prices rose, adding to evidence an economic recovery is gaining pace.
The yen rose against the dollar, snapping a decline from yesterday, after Japan’s trade deficit narrowed more than economists forecast and as markets await Haruhiko Kuroda’s first press briefing as central bank governor.
The yen and the dollar strengthened against most of their major counterparts as concern that unrest in the Middle East will spread boosted demand for safer assets.
The euro strengthened above $1.35 for the first time since December 2011 before a report forecast to show economic confidence in the region improved this month.
"If they wanted a big reaction in dollar-yen, they definitely succeeded."
- Niels Christensen on Oct 31, 2014