Major currencies are trying to compensate their losses this week against dollar, where investors’ eyes are weighing American fed’s bank meeting minutes which may show its monetary policy theme.

USD/JYP pair started this week’s trades on downward price gap after recording its lowest levels in four years last week at 103.29, where the pair started today’s session at 102.91.

Japanese economy minister Akira Amari warns from further decline in the yen, adding that further slide in the yen may leave negative impact after the recent 21% drop during the previous six months.

Meanwhile, Japanese yen rose against the 16 major currencies the Japanese Economy Minister’s notes on the yen.

Australian dollar started today an upward correction trend against its counterpart American dollar after the previous noticeable decline which reaches the lowest since mid-2012 at 0.9710, where the AUD/USD pair traded near 0.9789.

New Zealand’s dollar inclined today to 0.8121 against dollar, where the Aussie reached its lowest in six months at 0.8059, while the RBNZ is expected to rise the nation’s interest rate amid the recent increase in home prices.

Japanese economy released its final Leading Index reading concerning the month of March, where the reading came at 97.7, compared with a previous reading of 96.7.

Meanwhile, Japan’s coincident index came at 93.8 in March, compared with a previous reading of 93.3.

Japanese Economy Minister Akira Amari warned of further decline in the yen, adding that further slide in the yen may leave negative impact after the recent 21% drop during the previous six months.

Moreover, Japanese yen fall the most among other major currencies amid the recent plans by Japanese Prime Minister to end the nation’s 15-years deflation period and to reach the targeted 2% inflation within two years.

Japanese yen rose against the 16 major currency after comments by the Japanese Economy Minister Amari who notes that the continued decline in the yen may pose negative consequences for the nation’s  economy and the standard of living of the citizens.

Where the Japanese yen rose by 1.1% before trading up 0.4% at 102.86 against the dollar in Tokyo, while the Japanese yen touched the 103.31 level against the dollar in the 17 ^th  of May.

Meanwhile, Japanese yen declined by 20% over the previous six months, recording the worst performance among 10 currencies for developed countries.

USD/JPY pair recorded the highest at 102.89 and the lowest at 102.68