| The yen fell from its strongest level since August as China’s central bank kept the yuan’s daily fixing stable, damping demand for safer assets that built up in the new year during the Asian country’s market turmoil.
Japan’s currency declined against most of the major peers, while higher-yielding commodity currencies such as Australia’s dollar and Mexico’s peso rebounded. The yen rallied every day last week as turbulence in China’s financial markets rippled across stocks and commodities around the world, and stoked currency volatility to a three-month high...............................................Full Article: Source
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