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Yen Declines Versus Dollar, Euro as Bank of Japan Adds Liquidity

The yen fell against the dollar, erasing its earlier advance to a four-month high, after the Bank of Japan pumped record funds into an economy reeling from the nation’s strongest earthquake.

The yen declined versus 13 of its 16 major counterparts as the central bank said it will add 15 trillion yen ($183 billion) to the financial system and increase its asset-purchase program. The euro rose for a second day after European leaders agreed to widen the scope of a rescue fund aimed at resolving the sovereign-debt crisis and cut the cost of loans to Greece.