The yen advanced, halting a four-day slide, on speculation a report Tuesday will add to evidence of slowing growth in China.

Japan’s currency was the biggest gainer versus the dollar among its developed-market counterparts before the data that economists said will show China’s manufacturing contracted in August for the first time since February. Chinese banks have passed on cuts in official deposit rates and even exceeded them, a sign that they lack confidence in the nation’s economic recovery.

The yen climbed 0.4 percent to 121.24 per dollar as of 8:21 a.m. in Tokyo. It strengthened 0.2 percent to 135.86 against the euro. The single currency advanced 0.2 percent to $1.1203.

Source: Bloomberg