The dollar USDJPY, +0.13% was down slightly to ¥118.24 compared with ¥118.35 late Monday in New York. With the benchmark Nikkei Stock Average NIK, -0.64% falling as much as 2.1% earlier in the session amid sliding oil prices, the dollar started extending its downside against the yen, perceived as a safe haven in times of financial instability.
The yen strengthened against the euro EURJPY, -0.15% which was briefly at ¥139.45, its lowest since Oct. 31. The euro later recovered to ¥139.98 from ¥141.06 in New York.
The euro EURUSD, -0.29% was almost unchanged at $1.1839 from $1.1837.
The WSJ Dollar Index BUXX, +0.29% a measure of the dollar against a basket of major currencies, was up 0.06% to 83.95.
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