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Yen stabilises as report forecasts big depreciation of renminbi

Currency market turmoil expected to figure in communique issued by the G-20 leaders

Published Fri, Apr 15, 2016 · 09:50 PM

    Tokyo

    SIGNS that the yen's ascent may have topped out strengthened on Friday, when the currency retreated against the dollar.

    Having hit a 14-month high against the dollar of 107.63 early this week, triggering a barrage of warnings about official intervention by the Japanese authorities, the yen retreated to 109.65 by the close of Tokyo trading on Friday.

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