Yen rises for a second day against the dollar, though off a five-week high hit Tuesday amid ongoing political crisis in Italy and concern over renewed trade tensions between the U.S. and China. Japanese bond traders to focus on the central bank’s debt purchases at Wednesday’s operation.
USD/JPY declines 0.2% to 108.51; pair slipped as much as 1.2% to 108.11 Tuesday, the lowest since April 23, before recovering to close at 108.77.
EUR/JPY falls 0.2% to 125.32, dropping for a seventh day; pair declined to 124.62 on Tuesday, the lowest since June 26.
Source : Bloomberg