Yen weakens as sterling sees gains

Sterling advanced on Thursday after the Nationwide building society said that house prices had grown again in June. The UK currency added 0.1 percent versus the euro to £0.6720 and was up by the same percentage in relation to the US dollar, to $2.0020.

After several days of gains, the yen weakened on the session as industrial production numbers declined in Japan and as equities markets rallied. The yen fell 0.2 percent to ¥123.10 versus the greenback, while it dropped 0.3 percent to ¥165.70 against the euro and was 0.5 percent lower in relation to sterling, to ¥246.33. Japan’s currency fell even more versus the Australian and New Zealand dollars, by 1.1 percent to ¥103.96 and by 1.3 percent to ¥94.28 respectively..

The US dollar was even versus the euro at $1.3450 before the US Federal Reserve announced its new decision on interest rates.

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