Yen Falls for Second Day as Stocks, Oil Gain; Aussie Strengthens

The yen fell for a second day against the dollar as stocks rose around the world before U.S. reports this week that economists said will show an improving labor market.

Japan’s currency weakened versus all of its 16 major counterparts as a rally in oil reduced demand for havens. The dollar gained for a fifth day against the euro amid speculation the Federal Reserve is moving toward raising interest rates. Europe’s common currency weakened as German factory orders fell more than economists predicted in November. Australia’s currency rose after building approvals unexpectedly increased in November. Malaysia’s ringgit ended a four-day slump.