The yen fell to a the lowest in more than three weeks against the dollar as the central bank’s Tankan survey showed large manufacturers were the most optimistic in two years, damping demand for safety.
The Philippine peso is set to defy efforts to curb its gains as Schroder Investment Management Ltd. and Mizuho Corporate Bank Ltd. say its advance is cooling inflation and the nation will exit its junk debt rating.
The yen strengthened from near a two-week low against the dollar as speculation a cash crunch in China will curb the nation’s economic growth supported demand for the relative safety of Japan’s currency.
The pound rose for the first time in five days against the dollar after an industry report based on a survey of purchasing managers showed U.K. manufacturing expanded last month, adding to signs the economy is recovering.
Sharp Corp., the Japanese electronics maker struggling to recover from a record loss, will get 30 billion yen ($313 million) in loans from three banks this week, three people familiar with the matter said.
The euro rose to the strongest in almost a month as official projections showed pro-bailout parties won enough seats to control Greece’s parliament, easing concern the country would be forced from the currency bloc.