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Currencies: Pound plummets to post-Brexit-vote low, hitting worst level in 31 years

The yen was weaker against its rival currencies during Asia trade on Tuesday, falling as much as 0.7% against the U.S. dollar, with investors moving away from the preferred safety of the Japanese currency on gains in riskier assets such as stocks and oil.

The U.S. dollar USDJPY, +0.76% was changing hands at ¥102.06 after hitting as high as ¥102.39 earlier in the session, its highest level since Sept. 21. The U.S. currency was at ¥101.66 late Monday in New York.

The dollar advanced to test its upside against the yen from earlier in Asia session, tracking overnight gains on a rebound in the U.S.

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