Yen jumps to year high as A$ tumbles in commodities rout

Tokyo

THE yen advanced to its strongest level in a year as a global selloff in equities and commodities deepened, spurring demand for haven assets.

Japan's currency, which has appreciated more than 2 per cent versus all 31 of its major counterparts this year, is buoyed by sliding oil prices and slowing economic momentum in China tha…