The yen rose the most in four weeks against the dollar on speculation some of the nation’s exporters took advantage of its declines to convert overseas earnings back into their own currency.
The Japanese currency, which dropped for four straight days last week, also gained versus the euro, pound and Swiss franc as Asian stocks advanced. The South Korean won traded at a 15-month high against the dollar. The U.S. currency fell, trading at its lowest level in almost three weeks versus the euro earlier, as traders pared bets on the outlook for interest-rate increases by the Federal Reserve.
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Dean Popplewell
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