Economics
Yen Gains After Failing to Break 100 Per Dollar; Pound Advances
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The yen gained for the first time in five days after traders failed to push the currency through 100 per dollar, a level it last weakened to four years ago.
The euro fluctuated versus the dollar amid signals from European Central Bank policy makers that interest-rates may be cut to boost economic growth. The yen slid earlier versus the greenback after the Group of 20 offered no opposition last week to the Bank of Japan’s monetary-stimulus policies. Sterling rose amid bets data this week will show the U.K. avoided falling back into a recession last quarter.