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Euro hovers near 8-½ mth lows vs USD, 1-yr low vs yen Investors sceptical of G7 assurance on Greece Yen broadly higher, near 7-mth peak vs Aussie dollar By Masayuki Kitano TOKYO, Feb 8 (Reuters) - The euro and growth-linked currencies were on slippery ground on Monday as risk appetite was subdued on the back of mounting fiscal worries in the eurozone and lingering concerns about a global tax on banks. Traders said investors were sceptical of the Group of Seven's reassurance on Greece and every move up by the euro was being used as a selling opportunity. At the weekend G7 meeting of finance ministers and central bank governors, no new statement on currencies was issued, but support was rising for a levy on banks that could pay for global governments' rescue of the financial system.. The dollar was steady against the yen at 89.32 yen. One factor that may support the yen in the near-term is possible fund repatriation by Japanese corporates and investors ahead of their end-March book closings, market players said. The yen may also draw support if Japanese retail margin traders unwind their bets against it. Retail investors trading on the Tokyo Financial Exchange increased their net long position in the Australian dollar against the yen to a record high of 213,888 contracts or roughly A$2.14 billion on Friday, having nearly quadrupled their net long position in the Aussie in the past month. (Additional reporting by Anirban Nag in Sydney; Satomi Noguchi and Kaori Kaneko in Tokyo; Editing by Joseph Radford)
Euro hovers near 8-½ mth lows vs USD, 1-yr low vs yen Investors sceptical of G7 assurance on Greece Yen broadly higher, near 7-mth peak vs Aussie dollar By Masayuki Kitano TOKYO, Feb 8 (Reuters) - The euro and growth-linked currencies were on slippery ground on Monday as risk appetite was subdued on the back of mounting fiscal worries in the eurozone and lingering concerns about a global tax on banks. Traders said investors were sceptical of the Group of Seven's reassurance on Greece and every move up by the euro was being used as a selling opportunity. At the weekend G7 meeting of finance ministers and central bank governors, no new statement on currencies was issued, but support was rising for a levy on banks that could pay for global governments' rescue of the financial system.. The dollar was steady against the yen at 89.32 yen. One factor that may support the yen in the near-term is possible fund repatriation by Japanese corporates and investors ahead of their end-March book closings, market players said. The yen may also draw support if Japanese retail margin traders unwind their bets against it. Retail investors trading on the Tokyo Financial Exchange increased their net long position in the Australian dollar against the yen to a record high of 213,888 contracts or roughly A$2.14 billion on Friday, having nearly quadrupled their net long position in the Aussie in the past month. (Additional reporting by Anirban Nag in Sydney; Satomi Noguchi and Kaori Kaneko in Tokyo; Editing by Joseph Radford)
