Yep drops on GPIF

Source: Bloomberg
© Scanpix/Reuters
The Japanese Yen touched the weakest level in a week versus the greenback as the government of Japan announced that the world's largest pension fund has no need to focus on Japanese bonds taking into account quickening inflation. Japanese currency contracted 0.2% to 102.51 per greenback at 12:01 p.m. in Tokyo after it reached 102.60, the lowest level since Feb. 26. The Yen depreciated 0.2% to 140.70 per Europe's 18-nation currency.
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