Euro drops to 10-week low against Yen as retail sales decline

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Source: Bloomberg
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The common currency dropped to the lowest level in 10 months versus the Yen since the latest data show that retail sales declined and speculations regarding the European central bank proving more stimulus through monetary easing persist. The Euro was almost unchanged against the Dollar while the Yen appreciated versus most of its major counterparts. The shared currency fell 0.5% to 136.68 against the Yen in London after hitting 136.23 on Tuesday, the lowest level since November 22. Japan's Yen gained 0.5% to 101.15 against the U.S. Dollar.

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