Yen Advances on Confidence Report as Brexit Prompts Haven Demand

Updated on
  • Yen is underpinned as market assesses fallout from U.K. vote
  • Tankan ‘modestly reduces’ odds of more BOJ easing, CBA says

The yen strengthened for the first time in four days after a survey showed business confidence in Japan stabilized and as investors sought safe assets while assessing potential economic fallout from Britain’s decision last week to leave the European Union.

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