Yen Gains, Halting 2-Day Drop, as Traders Await Stimulus Details

Updated on
  • Currency rises against all but one of its 16 major peers
  • Yen’s decline had been ‘quite rapid’: Mizuho’s Suzuki

The yen gained, rallying from its biggest two-day slide versus the dollar since 2014, as traders awaited the details of new stimulus, three days after Prime Minister Shinzo Abe increased his majority in elections and vowed to step up the fight against deflation.

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