Yen Climbs to 2-Week High Versus Euro as G-20 Meets; Kron
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The yen climbed to the strongest in more than two weeks against the euro as Group-of-20 officials begin talks in Moscow, fueling speculation they may criticize Japanese policies that have helped weaken the currency.
The yen gained for a fourth day versus the dollar as investors speculated the next Bank of Japan governor may be the candidate who is the least aggressive on monetary stimulus. The euro declined after data yesterday showed recession in the currency bloc deepened at the end of last year. Sweden’s krona depreciated against all of its 16 major peers.