Yen and euro sink as China and Japan ease global nerves

By Patrick GrahamLONDON (Reuters) – The yen’s advance halted on Monday as Japan’s leader criticised excessively volatile currency markets and as gains for China’s yuan on its first full day’s trade in a week helped settle global financial nerves. A stock market sell-off since the start of February has driven a wave of capital to seek the traditional safety of Japan, driving the yen 7 percent higher and prompting speculation Tokyo would intervene against the currency