The Japanese yen rose on Friday in European markets against a basket of major and minor currencies, continuing its recovery for the second consecutive day from a three-month low against the U.S. dollar. This comes amid ongoing buying at cheap levels, as well as a current slowdown in the yield on 10-year U.S. Treasury bonds.
Despite this rise, the Japanese currency is on track to suffer a weekly loss, ahead of Japan's parliamentary elections over the weekend. Opinion polls have shown that the ruling "Liberal Democratic Party" may lose its long-held dominance
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