The yen fell versus its 16 major peers after a report showed Japan’s trade deficit widened more than forecast last month.
The dollar held its biggest weekly advances in a month versus the yen and the euro ahead of leading U.S. economic indicators that may back speculation the Federal Reserve will remove stimulus this year. New Zealand’s dollar remained lower before the Reserve Bank sets policy on April 24. Currency volatility sank to an almost seven-year low on April 17, the day before financial markets from Sydney to New York were closed to observe Good Friday.
The yen fell 0.2 percent to 102.63 per dollar as of 12:04 p.m. in Tokyo from April 18, when it completed a 0.8 percent weekly slide, the biggest since the five days to March 21. Japan’s currency dropped 0.2 percent to 141.74 per euro. The dollar traded at $1.3811 per euro from $1.3813, following a 0.5 percent weekly gain.
Financial markets in the U.K., Germany, Hong Kong, Australia and New Zealand are among those closed for a holiday today. The U.S. markets reopen after being shut on April 18.
No comments:
Post a Comment