The Yen Takes a Rest From Free Fall to 100

“The yen halted a decline that took it to within 0.1 percent of 100 per dollar after official data showed Japanese investors sold foreign bonds.

The yen was supported as a technical indicator signaled the currency may pare its 6.6 percent loss against the greenback since the Bank of Japan (8301) expanded monetary easing last week. Australia’s dollar halted a five-day gain versus the yen after the nation’s unemployment rate unexpectedly rose. South Korea’s won appreciated for a third day after the central bank kept its key rate unchanged….”

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