Yen Gains Most in Eight Months on Weakness Warning; Rand Slides
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The yen rose the most since May versus the dollar as Japanese Economy Minister Akira Amari said an excessively weak currency may hurt imports and households, damping bets policy makers will try to push it down further.
Japan’s currency gained for the first time in five days against the dollar on bets its drop to the weakest level since June 2010 was excessive. The Swiss franc slid to a 13-month low versus the euro as signs Europe’s debt crisis is easing cut demand for the currency as a haven. South Africa’s rand fell after Anglo American Platinum Ltd. said it will cut output.