(Bloomberg) -- The yen rebounded from near an 11-week low against the dollar as a slide in Asian equities caused investors to sell riskier assets.
The Japanese currency rose versus all of the 16 most-traded currencies as investors sold higher-yielding assets funded by borrowings in yen. Stock markets in China, Japan and South Korea slid today, prompting them to unwind the so-called carry trades.
Read more at Bloomberg Currencies News
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