Stronger yen hits Japan shares

May 16, 2014, 2:52 AM EDT
A pedestrian looks at a quotation board displaying the Nikkei key index of the Tokyo Stock Exchange (TSE) in front of a securities company in Tokyo on October 2, 2013.
AFP/Getty Images

Asian shares came under pressure on Friday, with Japanese stocks skidding as the yen rose against the dollar, which has struggled in recent days as U.S. Treasury yields fell. A second day of losses on Wall Street pulled MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS down 0.1 percent. The index has gained about 2 percent on the week during which Wall Street climbed to record highs.
Stronger yen hits Japan shares, lower yields pressure dollar [Reuters]