The Japanese currency rallied against its major counterparts on Monday morning in New York from early European session's multi-month lows. The yen advanced to 149.13 against the pound, 88.73 versus the Swiss franc, 100.52 against the US dollar and 135.30 against the euro by 9:10 am ET from new multi-month lows of 151.57, 90.03, 101.46 and 137.44, respectively hit in early trading.

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