Yen strengthens versus euro, USD, loonie

The Japanese yen strengthened was stronger Tuesday as US equities markets declined and new data out of China showed fewer loans granted and 23 percent less exports leaving China last month.

In mid-morning trade in New York, the yen traded at ¥135.6305 to the euro and at ¥95.945 to the US dollar, while it was at ¥158.2728 to the pound and was worth ¥64.0891 to the New Zealand dollar.

The Canadian dollar, meanwhile, dropped versus both the yen and the US dollar ahead of Wednesday’s decision on US interest rates from the Federal Reserve, which is expected to hold rates steady again this month.

The loonie traded at C$1.0953 to the US currency and was worth ¥87.0249.

The euro’s declines came on lower consumer prices in Germany which made it look as if Eurozone interest rates will likely remain low for the time being.

The US dollar traded at $1.4136 to the shared currency at mid-morning in New York.

Story link: Yen strengthens versus euro, USD, loonie