Thu, 25 Apr 2013 09:28:03 GMT
Yen drops on speculation of capital outflow
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.