Yen Falls as Japan’s GDP Misses Estimates; Ruble Drops to Record

The yen fell as a report showed Japan’s economy expanded less than analysts forecast, boosting speculation the nation’s central bank will add to its stimulus plan that tends to weaken the currency.

The yen declined versus all but two of its 16 major peers, snapping a three-day advance against the dollar. The ruble slid to a record against the Russian central bank’s target basket after a drop in industrial output. Malaysia’s ringgit climbed to a one-month high following data that showed record new credit last month in China, the nation’s biggest trading partner. Indonesia’s rupiah and Mexico’s peso also rose, while Sweden’s krona weakened. Markets in the U.S. were closed for a holiday.