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Yen was volatile in rocky year for politics

Calmer fiscal 2017 expected, but French election brings uncertainty

TOKYO -- The fiscal year ended Friday saw the first volatile yen exchange rate in eight years, thanks to the "Brexit" vote and the U.S. presidential election.

Cumulative daily price movement -- the sum of the differences between the lowest and highest value each day throughout the fiscal year -- was 310 yen, a 19% increase from fiscal 2015 and the largest figure since the financial crisis in 2008.

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