The yen has held firm amid a risk-off theme in Asia and the European AM sessions, with stock markets trading mostly lower after Wall Street's best-in-eight-weeks three-day rally came to an end, and as oil prices give back some of the recent gains. USD-JPY dipped to a four-day low at 112.71, while the equity market correlative AUD-JPY cross fell another 1%, roughly matching the magnitude of decline it saw yesterday.
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