Yen falls pushing Topix index to 5-year peak

The Japanese currency fell on Thursday falling towards the weakest level in a five-year period versus the U.S. Dollar pushing the local benchmark stock index to the strongest level in more than five years. The Yen slipped as much as 0.4% to 104.77 per U.S. Dollar as of 8:09 a.m. London time and it declined to the lowest level in five years against the Euro, while Topix Index added 1.7%.