Yen Rises as BOJ Retains Stimulus Plan; Aussie Gains

The yen strengthened against the dollar, snapping a three-day drop, after the Bank of Japan refrained from adding a stimulus plan that had sent the currency tumbling when it was expanded in October.

Australia’s dollar climbed and New Zealand’s currency rallied after stocks in Asia advanced, reviving demand for higher-yielding assets. The euro rose before the European Central Bank decides whether to buy sovereign bonds under quantitative easing. Malaysia’s ringgit slid for a third day after Fitch Ratings warned it may cut the nation’s rating.