Yen Falls Versus Euro on Economy Optimism, Intervention Bets
The yen fell against the euro for the first time in six days before a report forecast to show European confidence in the economy improved and as speculation grew Japan will intervene in currency markets to help exporters.
Japan’s currency declined against all of its 16 major counterparts as Asian shares extended a global rally and Finance Minister Hirohisa Fujii said the government may take actions in currency markets. The dollar traded near a two-week high against the euro after European Central Bank President Jean-Claude Trichet and an advisor to Japan’s finance minister reaffirmed support for the greenback.
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