Yen gains amid volatile stock markets
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Tokyo
THE yen gained on Tuesday on worries that China's economy will weigh on global growth, while other Asian currencies retreated against the US dollar on an expected rate hike by the US Federal Reserve.
Foreign exchange dealers moved into safe haven assets as a shares rout at mining giant Glencore and the scandal at automaker Volkswagen added to concerns. The Japanese currency is considered a safe and low-risk choice for investors in times of uncertainty.
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