Published by Mark Smith-HalvorsenThe Japanese yen gained slightly against the US dollar and the euro today (June 25th) as short-term investors bought the currency in response to weakened regional equities.According to Dow Jones Newswires, the low-risk yen could also prove popular among forex traders in the near future as the G8 summit begins in Canada.If leaders announce new financial discipline measures at the meeting, global share markets could look to the currency for stability.Hideki Amikura, deputy general manager of foreign exchange at Nomura Trust and Banking, told the news source: "The direction going into next week is toward more yen gains."Talks on fiscal austerity could scare investors since "such regulations could in the short-term be negative for risk-sensitive assets", Amikura added.The expert went on to predict the dollar could fall to Y88.50 before the weekend, while the euro could slump to Y109.00.Meanwhile, the yen has proved popular in the last two weeks due to concerns surrounding the financial stability of the eurozone.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site