A soft yen was long seen as a boon to Japan's economy, but the country may need to rethink a fundamental assumption of its economic approach

Russian Foreign Minister Sergei Lavrov is set to fly to India this week, sources said, amid talk that Moscow wants to boost trade and payment systems because of sanctions over Ukraine

Japan and the US agreed to keep in close contact on currency issues, Japan's top currency diplomat said on Tuesday after the yen's decline to six-year lows against the dollar

Japan will revise its Foreign Exchange and Foreign Trade Act in the current parliamentary session to prevent sanction-busting by Russia via digital assets, the Cabinet secretary said

The benefit from a weak yen comes more through an increase in the value of profits companies earn overseas, rather than a rise in export volume

Myanmar's military-controlled government has already said it would also accept China's renminbi as an official settlement currency

Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities

Sri Lankan central bank's moves include mandatory currency conversion for exporters of goods and services to change their foreign exchange earnings into Sri Lankan rupees

Brad McEvoy of start-up Kademi said he was furious at OFX, formerly known as OzForex, for blocking payments to his Ukrainian workers

The Indian rupee fell to a historic low on Monday, after a sharp rise in global prices of crude oil stirred concern on inflation and possible interest rate hikes by the central bank

Yuan's trade-weighted CFETS basket index rose to 106.07, the highest level since the index was introduced in early 2015, according to a calculation based on official data

Japan's Nikkei sinks 3.2%, Sensex opens 2.3% down, while the MSCI's broadest index of Asia-Pacific shares ex-Japan loses 1.6% and Chinese blue chips shed 0.8% amid a sea of red