The
yen held losses against most major peers on bets Group of 20 finance ministers
and central bankers meeting this week will endorse the Bank of Japan’s monetary
easing that aims to stoke 2 percent inflation.
Russian
Deputy Finance Minister Sergei Storchak said the G-20 probably won’t call for a
tapering of stimulus in nations including Japan. The euro traded near a six-week
high versus the yen after Greek lawmakers approved austerity measures that
clear the way for the next batch of bailout loans. Demand for the dollar was
limited after Federal Reserve Chairman Ben S. Bernanke signaled the central
bank’s asset purchases, which tend to debase the currency, hinge on economic
performance.
The
yen was little changed at 99.66 per dollar as of 10:20 a.m. in Tokyo from
yesterday, when it lost 0.5 percent. It was little changed at 130.69 per euro
from yesterday, when it touched 131.36, the weakest since June 5. The 17-nation
euro bought $1.3112 from $1.3125.
(Source: Bloomberg)
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