The Japanese yen fell sharply against major currencies on Wednesday due to a rebound in U.S. and European equity markets on speculation that the credit market were stabilising as BNP Paribas SA, France biggest bank, reopened two of three investment funds that were frozen on 07 August. Dow Jones Industrial Index rose 249 points whilst S&P 500 advanced 31.26 points or 2.46%.


The greenback rallied from 113.86 to 116.26 against the Japanese yen. The single currency also rose sharply from 154.53 to 158.96 versus the yen. Aussie and sterling ...

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