Yen slides as Japan's leadership contest heats up; China stimulus buoys sentiment




The yen slid on Friday as investors awaited results from a run-off in Japan's contest to replace its prime minister, while China's spree of stimulus measures kept risk-sensitive currencies aloft.

The yen fell more than 1% to 146.495, its lowest since Sept. 3, with markets bracing for the victory of hardline nationalist Sanae Takaichi, a vocal opponent of further interest rate hikes, in one the country's most unpredictable leadership votes in decades.

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