Yen Gains Most in 3 Months as Kuroda Says More Weakness Unlikely

The yen advanced the most in almost three months after Bank of Japan Governor Haruhiko Kuroda said further declines are “unlikely.”

Japan currency rose against all of its major peers as Kuroda told lawmakers that the yen, which touched a 13-year low of 125.86 versus the dollar last week, is already “very” weak on a real effective basis. The U.S. currency slid a third day as oil rallied and traders await reports Thursday that may indicate whether the U.S. economy is strong enough for the Federal Reserve to raise interest rates for the first time since 2006.