Jakarta, Financeroll.com - The yen and the dollar advanced against the euro on speculation declines in Asian shares and U.S. stock futures spurred investors to seek the relative safety of the two currencies.

The euro also ended two days of gains versus the dollar on concern a German report tomorrow will show wholesale prices in Europe’s largest economy dropped for an eighth month, backing the case for the region’s central bank to cut interest rates.

The selling in the stock market is causing buying of the yen. The dollar also may be bought as a ‘safe-haven’ currency.

The yen rose to 133.15 per euro. The greenback climbed to $1.3322 per euro. Yen was little changed at 100.01 versus the dollar from 100.10.

The Nikkei 225 Stock Average fell 1.7 percent and futures on the Standard & Poor’s 500 Index declined 0.6 percent.