Currency market stabilizes as volatility eases
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00:00The Japanese yen stabilized while the Swiss franc weakened as market volatility eased.
00:05The U.S. dollar rose 0.3% against the yen, reaching 144.75 yen, despite still being down
00:12by 10 yen over the past week.
00:14Japan's Nikkei index recovered 10% after a 12% drop, and European shares showed signs
00:20of recovery.
00:21The yen's recent strength was due to increased volatility, prompting investors to exit carry
00:26trades following the Bank of Japan's interest rate hike.