Safe haven yen falls on expectations of China stimulus

London

THE safe-haven yen fell on Tuesday on relief that China's fourth-quarter economic growth had matched forecasts and as expectations of further monetary easing there boosted risk appetite.

China's GDP grew 6.8 per cent in October to December from a year earlier - as forecast, but the weakest quarterly growth since 2009 - while industrial output and retail sales in December slightly missed forecasts.