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Yen Drops to Weakest in 7 Years on Election Speculation

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The yen fell to a seven-year low versus the dollar on speculation Japan’s Prime Minister Shinzo Abe is considering postponing a planned sales-tax increase and preparing to call early elections next month.

Russia’s ruble fell as nations threaten to tighten sanctions, while the Swiss franc touched the strongest level versus the euro in two years. Brazil’s real fell for the first time in three days as re-elected President Dilma Rousseff considered the composition of her economic team. The Australian and New Zealand dollars led gains among major currencies.