The yen rose to its highest level in a month against the dollar on Tuesday as investors buy the currency, which is a safe haven with the drop in oil prices has led to volatility in the financial markets of various kinds.
Dollar fell 0.6 percent to 117.07 yen, its lowest level in a month with renewed pressure on the Russian currency and European stocks tumbled.
The yen tends to rise in troubled times on the economic level as the Japanese currency is often used in financing investment in assets, generate higher yields.
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