WORLD FOREX: Yen Down As Asia Stock Gains Boost Risk Appetite

TOKYO (Dow Jones)--The yen fell against the dollar and the euro in Asia Wednesday as Asian short-term players sold the Japanese unit as rising Asian shares boosted appetite for the two currencies, deemed riskier than the yen.
Market participants will continue to watch any news about euro-zone debt issues, concerned that financial system woes could spread from Spain to other euro-zone nations, weighing on stocks and buoying the yen, dealers said.
Over the weekend, the Spanish government stepped in to rescue a small, failing savings bank, and there are concerns more bailouts may be needed.

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