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Yen Matches Three-Month High After Mideast Stocks Get a Mauling

  • Markets in Saudi Arabia, the U.A.E., Egypt and Israel all fall
  • Investors wary of how Iran will react to death of Soleimani
Kuwaiti traders follow stock market activity at the Kuwait Stock Exchange.

Kuwaiti traders follow stock market activity at the Kuwait Stock Exchange.

Photographer: Jaber Abdulkhaleq/Anadolu Agency via Getty Images

Updated on

The yen held near its strongest level against the dollar in almost three months amid demand for haven assets after the U.S. killing of Iran’s most senior military commander sent Middle Eastern stocks into retreat, setting the tone for what’s likely to be a volatile week.

Japan’s currency appreciated for a third-straight day as markets opened in Sydney, while the Australian dollar weakened.