Yen slides to five-year lows at start of busy week for central banks

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Reuters UK

By Alun John HONG KONG (Reuters) – The yen slid to a new five-year low on Monday, ahead of a bumper week of central bank meetings around the world which will almost certainly reaffirm the Bank of Japan’s position as one of the last dovish central banks standing. Also weighing on the yen and fellow safe haven the Swiss franc, were hopes for progress in Russian-Ukraine peace talks, after the U.S. Deputy Secretary of State said Russia is showing signs it might be willing to have substantive negotiations over Ukraine. Fighting, however, continued to rage. The dollar climbed to as much as 117.61 ye…

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