Yen wilts, Asia chip stocks shine

(Reuters) - Oil traded just above $70 a barrel on ample U.S. stockpiles and easing worries about a strike in Nigeria, while gold held steady after dropping several dollars an ounce the day before.




The yen hit another 4-1/2-year low against the dollar as investors sold the low-yielding Japanese currency seeking higher returns elsewhere, such as buying the New Zealand dollar.


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