Yen Erases Advance Versus Dollar as Crude Oil Climbs in Londonby
The yen erased its advance against the dollar as oil futures climbed in New York and London.
Japan’s currency was little changed at 114.13 per dollar as of 10:01 a.m. in London, after earlier rising as much as 0.6 percent.
The yen had climbed earlier after China’s central bank unnerved investors by weakening the yuan fixing by the most in more than a month, boosting demand for havens.
(An earlier version of this story corrected the currency unit in the second paragraph.)