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Yen leads the way in mixed day for major currencies

Most major currencies were handing in a muted performance in Asia on Wednesday, although the Japanese yen was a standout performer.

The yen was up 0.2 per cent to ¥‎111.26 per dollar, peeling off Monday’s one-month low.

The pound was flat at $1.2631 in Asia after a 0.9 per cent drop on Tuesday when Mark Carney, Bank of England governor, took a more dovish stance in commentary about interest rates.

The dollar index, a measure of the US currency against a basket of global peers, was flat at 97.743.

The Australian dollar was down 0.1 per cent at $0.7573 and eyeing a third straight day of declines in the wake of weaker commodity prices.