Employees work below a monitor, top, displaying the exchange rate of the yen against the US dollar in the dealing room of the Tokyo Forex & Ueda Harlow foreign exchange brokerage in Tokyo on Friday, December 21, 2018. Photo: Bloomberg

‘Flash crash’ rips through Asia’s currency markets, exacerbated by algorithmic programming that sends the yen soaring

  • The yen jumped almost 8 per cent against the Australian dollar to its strongest since 2009, and surged 10 per cent against the Turkish lira
Topic |   Currencies

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Employees work below a monitor, top, displaying the exchange rate of the yen against the US dollar in the dealing room of the Tokyo Forex & Ueda Harlow foreign exchange brokerage in Tokyo on Friday, December 21, 2018. Photo: Bloomberg
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