Yen Haven Flight Halts at 100 After U.S. Payrolls Shine: Chart

The yen’s surge is taking a breather. It retreated after touching as high as 100 per dollar on Friday following U.S. payrolls data that beat economists’ forecasts, and weakened further Monday. Demand for haven assets had pushed the currency to a 2 1/2-year high of 99.02 on June 24 after the U.K. voted to leave the European Union.

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