With the Bank of Japan sitting tight at its latest meeting, the yen once again becomes a safe haven and is picking up that role nicely Wednesday. The dollar is at a fresh session low against the Japanese currency, most recently trading at Y79.21, down more than 0.8% on the day. The dollar's weakness against the yen could also be partly due to spillover from the better than 1.7% drop in the euro-yen cross, which is now back below Y100 for the first time since February. The euro is at Y99.69, according to EBS via CQG.
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