Euro Gains Most in Nine Months Versus Yen on Greek-Deal Optimism

The euro had its biggest gain against the yen in nine months on speculation Europe’s policy makers will agree to keep aid flowing to Greece next week.

The shared currency gained the most in two months versus the dollar as German business confidence unexpectedly rose from the lowest in 2 1/2 years. The yen fell at least 1.2 percent against all of its 16 most-traded counterparts as exports waned and amid speculation Japanese elections next month will hand power to an opposition party that advocates aggressive monetary easing. The dollars of Australia and Canada gained after the International Monetary Fund said the two may be classified as reserve currencies.