Yen sharpens decline to three-week low
2018-06-13 09:58:41 GMT (Economies.com)
Yen sharpens decline to three-week low

Yen kept falling for the third straight session to three-week lows as demand falls on the safe haven, while markets await the Federal Reserve's policy meeting results. 

 

USD/JPY rose to 110.66 from the opening of 110.35, with an intraday low at 110.32, and a high at 110.35. 

 

Dollar opened the week higher against major rivals following the historic summit between US and North Korea, heaping pressure on yen and nudging it to three-week lows. 

 

Asian stock indices lost ground today, which would've normally buoyed demand on yen, but dollar's strength due to prospects of a Fed rate hike forced the Japanese currency lower. 

 

Bank of Japan will meet this week, expected to hold monetary policy unchanged as the economy slows down. 

 
 
 
  Symbol Last Change Chg.%
1.1379
0.0000
0.0013%
1.2715
-0.0030
0.2389%
14.751
-0.559
3.655%
65.390
-2.400
3.540%
71.49
0.37
0.52%
1179.595
-31.705
2.617%
 
 
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