The safe haven yen gained ground against the U.S. dollar on Wednesday and the yuan slid as ongoing concerns over the escalating U.S.-China trade war kept investors on tenterhooks.
The dollar was down 0.19% to 106.26 yen by 03:56 AM ET (07:56 GMT). On Tuesday, the greenback rallied from a low of 105.51 yen to as high as 107.07 yen in a volatile session sparked by worries about China's currency policy.
The offshore yuan fell to 7.0701 per dollar, not far from 7.1397, the lowest since international trading in the currency began in 2010.
The onshore yuan opened trade at 7.0369 per dollar versus its last close at 7.0250.