Yen, euro fall as currency havens lose their shine

London

THE yen fell from its strongest level since August as China's central bank kept the yuan's daily fixing stable, damping demand for safer assets that built up in the new year during the Asian country's market turmoil.

Japan's currency climbed the most since 2013 versus the dollar last week as an eight-day run of reductions to the yuan's reference rate through Jan 7 roiled stocks and commodities around the world.