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Dollar falls against yen on risk reduction; sterling sinks

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Dollar falls against yen on risk reduction; sterling sinks

Dollar falls against yen on risk reduction; sterling sinks*/

– FILE PHOTO: Benjamin Franklin U.S. 100 dollar banknotes and a Chinese 100 yuan banknote with the late Chinese Chairman Mao Zedong are seen in this January 21, 2016 picture illustration.REUTERS/Jason Lee/Illustration/File PhotoNEW YORK The U.S. dollar slumped against the safe-haven yen on Monday on investors’ reduced appetite for risk, while sterling sank to more than two-month lows on talk that Britain would drastically rework trade ties with the European Union after Brexit.A fall in U.S. Treasury yields and stocks drove the dollar down as much as 0.8 percent against the yen to a session low of 115.97 yen.
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Dollar falls against yen on risk reduction; sterling sinks

Dollar falls against yen on risk reduction; sterling sinks*/

– Illustrative picture shows Japanese 10,000 yen bank notes spread out at an office of World Currency Shop in Tokyo in this August 9, 2010 illustrative picture.REUTERS/Yuriko Nakao/File PhotoU.S. dollar notes are seen in this November 7, 2016 picture illustration.REUTERS/Dado RuvicA packet of former U.S. President Abraham Lincoln five-dollar bill currency is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015.
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FOREX-Dollar falls against yen on risk reduction; sterling sinks

FOREX-Dollar falls against yen on risk reduction; sterling sinks*/

– (Updates prices, adds comment)* Dollar falls 0.8 pct vs yen as U.S. yields, shares fall* Sterling hits more than two-month lows vs dollar* Weekend comments from British PM suggest hard Brexit* Dollar dips vs euro, francBy Sam ForgioneNEW YORK, Jan 9 (Reuters) – The U.S. dollar slumped against the safe-haven yen on Monday on investors’ reduced appetite for risk, while sterling sank to more than two-month lows on talk that Britain would drastically rework trade ties with the European Union after Brexit.A fall in U.S. Treasury yields and stocks drove the dollar down as much as 0.8 percent against the yen to a session low of 115.97 yen.The dollar remained within recent trading ranges and did not test Friday’s more than three-week low of 115.04 yen.
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