Yen appreciates for a second day on expectations that consumer prices dropped

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Source: Bloomberg
The Yen rose 0.3% to 88.48 per U.S. Dollar and 0.4% to 117.74 versus Euro in afternoon of Tokyo trading session on Wednesday. Yesterday the Yen appreciated by 1% and that was the biggest currency's gain since May, 2012. The Japanese currency was traded positively on expectation that domestic inflation data will be lower than expected and will be as an evidence of failing Japanese monetary policy.
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Wed, 23 Jan 2013 08:59:23 GMT

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