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Yen Gains Versus Euro, Dollar as Asian Stocks Decline for a Second Day

The yen advanced versus the euro and dollar as Asian stocks slid for a second day, boosting demand for the Japanese currency as a haven.

The yen gained 0.3 percent to 107.63 per euro as of 9:59 a.m. in Tokyo and rose 0.4 percent to 80.32 against the greenback. The MSCI Asia Pacific Index of shares dropped 0.3 percent, after declining 0.5 percent yesterday.

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