Yen trades down on contracting Japanese economy

Source: Bloomberg
© scanpix/reuters
The yen lost against the majority of its trading peers, as GDP data showed Japan's economy shrank in the third quarter. The currency was gaining versus euro the last three days after the BOJ showed its position of remaining distant from Japan's target of 1% inflation. The yen eased 0.2% to 101.26 per euro, surging from Friday's 101.05. The Japanese currency stayed little changed at 79.51 per dollar.
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