The global currency wars are heating up again as central banks embark on a new round of easing to combat a slowdown in growth.
The yen rose, snapping a two-day decline against the dollar and the euro, as concern over the pace of the U.S. recovery and the financial health of European banks boosted demand for Japan’s currency as a refuge.
The pound weakened from near a two- year high versus the dollar after an industry report showed U.K. service growth slowed more in November than economists forecast.
"It's far from clear what the outcome will be, and hanging on this election is a referendum on EU membership."
- Neil Mellor on Jan 15, 2015
BNY's Mellor on Yen, BOJ; Dixon on Economy: First Word