Tue, 04 Mar 2014 05:30:28 GMT
Yen drops on Kuroda's statement
Japan's currency depreciated versus most of its 16 major counterparts as Haruhiko Kuroda, Bank of Japan Governor, states that there's strength for carry trade. The Japanese Yen dropped 0.2 % to 101.62 per greenback at 1:11 p.m. in Tokyo after it touched 101.20 on Monday trading session, the highest level since Feb. 5. It contracted 0.1% to 139.51 per 18-nation currency after