The yen strengthened against other major currencies in Asian trade Monday, after a tumble in Shanghai stocks deepened the cautious mood, pushing investors into the safety of the Japanese unit.
The greenback USDJPY, -0.28% was at ¥116.96, after dipping to ¥116.92 in the morning.
The dollar was at ¥117.61 late Friday in New York, buoyed by strong U.S. consumer sentiment data and a recovery in U.S. Treasury yields.
The Shanghai Composite Index SHCOMP, -7.70% fell more than 5% in early trading as Chinese regulators took steps to curb margin trading at several of the country’s largest brokerages. The Shanghai index was down 6.3% at 3163.72 in afternoon trading.
The euro EURJPY, +0.17% was lower at ¥135.17 against ¥136.07 Friday, while the Australian dollar AUDJPY, -0.44% fell to ¥96.06 from ¥96.87.
the euro EURUSD, +0.44% was at $1.1553 for $1.1569, ahead of a closely monitored policy meeting by the European Central Bank on Thursday at which it may introduce a large-scale bond-buying program.
The WSJ Dollar Index BUXX, -0.18% , a measure of the dollar against a basket of major currencies, was down 0.04% at 83.83.
The greenback USDJPY, -0.28% was at ¥116.96, after dipping to ¥116.92 in the morning.
The dollar was at ¥117.61 late Friday in New York, buoyed by strong U.S. consumer sentiment data and a recovery in U.S. Treasury yields.
The Shanghai Composite Index SHCOMP, -7.70% fell more than 5% in early trading as Chinese regulators took steps to curb margin trading at several of the country’s largest brokerages. The Shanghai index was down 6.3% at 3163.72 in afternoon trading.
The euro EURJPY, +0.17% was lower at ¥135.17 against ¥136.07 Friday, while the Australian dollar AUDJPY, -0.44% fell to ¥96.06 from ¥96.87.
the euro EURUSD, +0.44% was at $1.1553 for $1.1569, ahead of a closely monitored policy meeting by the European Central Bank on Thursday at which it may introduce a large-scale bond-buying program.
The WSJ Dollar Index BUXX, -0.18% , a measure of the dollar against a basket of major currencies, was down 0.04% at 83.83.
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