(Reuters) - The Japanese yen firmed marginally on Friday after China widened the yuan's trading band against the U.S. dollar, with investors judging the move would do little to speed up the pace of the Chinese currency's rise.
The yen, Asia's most liquid currency, which often trades as a proxy for the tightly controlled yuan, initially jumped after China said it would allow the yuan to rise or fall 0.5 percent against the dollar daily, up from 0.3 percent in the current trading band.
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The yen, Asia's most liquid currency, which often trades as a proxy for the tightly controlled yuan, initially jumped after China said it would allow the yuan to rise or fall 0.5 percent against the dollar daily, up from 0.3 percent in the current trading band.
Read more at Reuters Africa
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