Yen Rises From 6-Month Low Versus Dollar; Euro Gains Before ECB

The yen rose from a six-month low against the dollar as investors awaited U.S. job data this week that may provide further evidence as to when the Federal Reserve will reduce stimulus that has weakened America’s currency.

Japan’s currency rallied versus the euro after weakening through 140 for the first time since October 2008 as a decline in European stocks spurred demand for safer assets. The 17-nation currency gained to almost a one-month high versus the dollar before the European Central Bank announces its next policy decision on Dec. 5. A measure of volatility among major currencies climbed to the highest level in seven weeks.