Yen weakens against Euro as Greece approves austerity measures

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy Bank
Japanese Yen weakened against 17-nation currency after Greek parliament approved austerity plan to secure bailout package from international lenders. Japanese currency dropped 0.4% against Euro to JPY 102.82 and lost 0.2% against greenback to JPY 77.60. Currently EUR/JPY is trading at JPY 102.83 and USD/JPY is trading at JPY 77.62.
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Mon, 13 Feb 2012 07:13:30 GMT

Japanese economy contracts on export decline

Japan's economy contracted 2.3% in the last quarter of 2011, more than analysts expected as declining exports hampered a rebound from March earthquake and Thailand floods. Economists questioned by Bloomberg earlier predicted a drop of 1.3%. Nevertheless analysts suggest Japan may gain momentum this year from improvements in US and reconstruction work across the country. 

Mon, 13 Feb 2012 06:41:01 GMT

Austerity measures approved by Greece's parliament

Greek PM Papademos got majority support in parliamentary vote to approve austerity plan and secure the second bailout package. 199 parliament members voted in favour while 74 lawmakers voted against. On February 15 Euro Zone finance ministers will decide on approving EUR 130 billion aid for Greece. In the meantime thousands of rioters keep protesting against austerity measures in down town Athens. 

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