TOKYO/SYDNEY, Jan 8 The yen reversed course and sagged against the dollar while the Australian dollar rebounded on Friday after the People's Bank of China (PBOC) set a higher yuan guidance rate for the first time in nine days.
The dollar was up 0.5 percent at 118.305 yen, pulling away from a 4-1/2-month low of 117.33 struck overnight as the region's equity markets bounced after a brutal week.
01:03 Sterling slides to three-month lows on 'hard Brexit' fears15
15:02 U.S housing starts surge in December; jobless claims near 43-year low13
06:13 Pound quivers near three-month low, stocks weak before May's Brexit stance speech19
12:23 Sterling volatile as market speculates on ‘hard Brexit’; investors await May's speech17