Tuesday, 12 January 2016

Dollar firms against yen after shaky start to 2016

The dollar firmed against the Japanese yen on Monday after recording its largest weekly loss since August 2013 last week.

Dollar gains persisted even as China stocks tumbled SHCOMP, +0.75% and oil prices CLG6, -2.42% fell. U.S. stocks SPX, +0.09% finished mostly higher after a choppy trading session.

The dollar USDJPY, -0.20%  traded at ¥117.52 late Monday in New York, compared with ¥117.25 late Friday. The dollar slid 2.6% on the yen last week, and 0.6% against the euro EURUSD, +0.1657% The euro last traded around $1.0873, versus $1.0917 Friday.

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