Yen drops on speculation of capital outflow

Note: This section contains information in English only.
Source: Bloomberg
The Japanese Yen was lower by 0.2% to 129.50 per Euro and little changed at 99.51 against U.S. Dollar in the end of New York trading session on Wednesday. Investors say that a gradual depreciation of the Yen pushes investors to seek overseas investments with higher yield. The Yen lost 6.5% since the beginning of April, thus capital outflow might be expected.
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