Japanese yen is leading the majors today as trading thins out during the second-to-last trading day of the year. In an interesting turn of events, equities have decoupled from their normal association with high beta currencies as the euro and the pound lose ground against the yen. US dollar is also down against the yen.

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The Russian ruble declined today as prices for crude oil dropped amid concerns about the situation in Europe and Russia’s central bank widened the currency’s trading range.(...)
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The South Korean won gained today on speculation that the South Korean central bank will step in to support the nation’s currency that is depreciating amid concerns about global growth.(...)
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