* Yen gains broadly on broad geopolitical risks
* Concerns about N. Korea, Syria offset Fed rate hike
* Euro remains pressured by French election uncertainty
* Graphic: World FX rates in 2017 tmsnrt.rs/2egbfVh
By Ritvik Carvalho
LONDON, April 11 The safe-haven yen rose broadly
in European trading on Tuesday, as investors considered a
spectrum of risks including possible U.S. action in Syria and
North Korea, and a resurgence in previously written-off
contenders in France's presidential race.
The possibility of some kind of U.S. military action against
North Korea in response to its weapons tests grew after U.S.
missile strikes against Syria last week in retaliation for a
chemical weapons attack on civilians.
The dollar extended earlier losses against the Japanese
currency, slipping 0.4 percent to 110.54 yen, moving
further away from its previous day's high of 111.57 yen.
The dollar index, which gauges the U.S. currency
against a basket of six major peers, was slightly higher on the
day at 100.98.
"The dollar rally we've seen over the past week may be a bit
overdone considering the risks we're still facing," said Thu Lan
Nguyen, currency analyst with Commerzbank in Frankfurt.
China and South Korea agreed on Monday to impose tougher
sanctions on North Korea if it carries out nuclear or long-range
missile tests, a senior official in Seoul said, as a U.S. Navy
strike group headed to the region in a show of force.
"The market has become more cautious about (U.S.) policies,
with attention to increased risks," said Harumi Taguchi,
principal economist at IHS Markit in Tokyo. "The yen is easy to
buy in such situations."
Investors were also weighing the increased uncertainty of
what is now increasingly seeming like a four-way contest in
France's presidential election.
Opinion polls indicate far-right candidate Marine Le Pen and
centrist Emmanuel Macron will come out ahead in the April 23
first round and make it to the May 7 run-off, with Macron
winning. But leftist Jean-Luc Melenchon has seen his ratings
surge and conservative Francois Fillon, damaged by a nepotism
scandal, has also regained some lost ground.
The euro fell to a four-month low versus the yen, falling as
much as 0.4 percent to 116.880 yen in morning trade in London.
Against the dollar it was 0.1 percent lower at $1.0592
For Reuters Live Markets blog on European and UK stock
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(Reporting by Ritvik Carvalho; additional reporting by Tokyo