Polls news sends yen higher, lower

The yen was little changed against the euro, at ¥167.60, and versus the US dollar ¥121.35 after a day of volatile trading on news that the polls are not looking good for Japan’s ruling party in elections scheduled for this weekend.

Also in elections-related news, the Turkish lira added 1.8 percent versus the US dollar to TL1.2480 in the wake of elections over the weekend where the ruling party came out the winner.

The US currency was weaker, falling to a new low against the euro on Monday at $1.3844 before it managed to recover to stand nearly even at $1.3825.

Sterling stood at a new high of at $2.0603 before settling back to $2.0580, still a gain of 0.1 percent on the US currency.

The New Zealand and Australian dollars were also up against the US dollar, adding 0.7 percent to $0.8030 and 0.4 percent to $0.8835 versus the greenback respectively.

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