Yen strengthens after China Exports fall

The Japanese Yen strengthened and the oil prices fell after Chinese exports disappointed in December.

The data released on Monday shows Chinese exports falling 4.4 percent year on year in December. It is the first fall in nine months. Chinese exports have shrunk most in 2 years.

The Japanese yen emerged stronger which is considered haven in time of uncertainty. The Japanese currency strengthened 0.4 percent to ¥108.11.

In the meantime, the dollar index was 0.1 percent lower after hitting a three-month low last week.