Yen depreciates on stocks rally

Source: Bloomberg
The Japanese Yen dropped by 0.4% to 95.60 per the U.S. Dollar and slipped by 0.4% to 123.85 per Euro by the midday Tokyo trading session on Tuesday. The Japanese currency fell, as Asian equity markets erased yesterday's losses reducing demand for haven assets. Also, a change in leadership of the Bank of Japan tomorrow affects the price amid expectations of policy easing.

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