Yen depreciates as Abe's sales tax gets backed

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Source: Bloomberg
© Scanpix/Reuters
The Yen lost against its most-traded counterparts on signs Abe is making progress with policies that have contributed to weakening the currency. The Japanese currency dropped from a two-week peak versus the Euro as Japan's prime minister got support for a sales-tax addition. The Yen slid 0.4% to 98.60 per Dollar at 6:48 a.m. in London, while depreciating 0.4% to 130.28 per Euro from August 30.
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