Photographer: Kiyoshi Ota/Bloomberg

Yen Haven Takes Breather as Currency Volatility Retreats: Chart

The currency market has settled down as the Bank of Japan begins a two-day policy meeting Wednesday and the Federal Reserve sets its benchmark interest rate. The JPMorgan Global FX Volatility Index has been falling for the past two weeks, while the haven rally that sent the yen soaring to a 1 1/2 year high this month has come to an end for now.

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