Yen declines to 3-year low as Shirakawa steps down

Note: This section contains information in English only.
Source: Bloomberg
Japan's Yen dropped to 94 per U.S. Dollar, the lowest level since May 2010, amid speculation the Japanese government will hurry to appoint a new central bank governor to take further steps to halt deflation. The Yen traded at 94.06 per Dollar, before touching 93.81 at 2:49 p.m. Tokyo time, down 0.2% from yesterday's close. It fell 0.1% to 127.30 yen per Euro, after declining to 127.71, the lowest since April 2010.
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