Euro falls as yen and U.K. pound advance

03/24/2013 | Bloomberg

Currency markets witnessed some significant repositioning Friday as the yen gained amid disappointment over the new Bank of Japan governor's lack of specificity on inflationary measures. Meanwhile, the euro saw its biggest decline in three weeks as tense Cyprus bailout negotiations were extended into the weekend, and the U.K. pound gained against the U.S. dollar as the Bank of England played down the prospect of further quantitative easing.

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