Yen falls as investors retreat from risky currencies
The yen fell against a host of major currencies on Monday as investors stayed away from riskier currencies after Chinese shares suffered their largest percentage loss since August 2009. The yen fell 0.3 percent against the US dollar ending the New York session on 92.64 after giving up 0.3 percent the previous day as well.
The euro has seen a rise over the past day or so, also ending the session 0.3 percent up over the yen at 124.94 recovering from the three-week low of 123.15 hit earlier that day.