Yen Approaches Weakest Since 2009 on BOJ Easing; Euro Advances
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The yen approached the weakest level since May 2009 against the dollar as the Bank of Japan’s unprecedented stimulus measures aimed at ending deflation spurred bets the currency will keep depreciating.
The yen fell at least 0.2 percent versus all its 16 major counterparts on speculation central bank Governor Haruhiko Kuroda will signal his determination to pursue further quantitative easing when he speaks at a Yomiuri newspaper event on Friday. The euro strengthened for a sixth day against the dollar, the longest run since December, after French industrial output rose more than economists forecast. Australia’s dollar gained after Chinese imports increased in March.