Asian session: The yen fell
The yen fell to a one-week low against the dollar on speculation the Bank of Japan will introduce more stimulus measures to support economic growth.
The yen weakened versus most of its major peers after a report showed Japan’s machinery orders unexpectedly dropped in April following a record earthquake the previous month.
New Zealand’s dollar sank after a series of temblors shook Christchurch today.
New Zealand’s dollar weakened after quakes with magnitudes of 5.2 and 6.0 struck near Christchurch, according to the U.S. Geological Survey. In February, Christchurch was devastated by a magnitude-6.3 temblor that killed more than 180 people and closed the central business district.
EUR/USD: the pair trading on $1.4320-$ 1.4360 area.
GBP/USD: the pair trading on $1.6215-$ 1.6245 area.
USD/JPY: the pair shown high at Y80.69 then receded.
President Trichet speaking at the LSE today at 14:00 GMT.