| A flare-up in the global currency war is looming, as a resurgent yen and euro threaten to give policy makers in Japan and Europe an incentive to add monetary stimulus. Japan's currency advanced versus the dollar for the third time in four weeks, while the euro climbed versus most of its peers.
Hedge funds lifted bets on yen strength to the highest in more than three years, and pared wagers against the European common currency. The greenback suffered as sentiment cooled for further currency-supportive interest-rate increases in the US amid sustained market volatility and weakerthan-forecast domestic economic data...............................................Full Article: Source
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