Yen rises on bets recent drops were excessive

Source: Bloomberg
Japan's currency is headed for the biggest two-day advance since November, extending its rally from the lowest level in more than two ears amid speculation the recent drops were excessive. The Japanese Yen added as much as 0.4% to 87.48 per U.S. Dollar, rising 0.8% since January 4 and poised for the biggest two-day percentage gain since November 8. 

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