The yen climbed against major global currencies as U.K. Prime Minister Theresa May's deferral of a parliamentary vote on her Brexit plan and weakness in equity markets deterred risk-taking.
USD/JPY fell 0.2% to 113.11 as May said her government will step up preparations for the possibility of failure to reach a deal. Leveraged funds shorted the pair driven by falling stocks and lower Treasury yields, and they were followed by benchmark selling across the Tokyo fix, according to an Asia-based FX trader.
Pound steadied in Asia after touching its lowest level since April 2017 on Monday.
Source : Bloomberg