Yen Weakens Against the Majors
The Yen fell against most of the major currencies during last week’s trading session. The Yen dropped about 100 pips vs. the Dollar and about 300 pips against the Pound, and the GBP/JPY pair is now trading near the 135.50 level. The Yen dropped last week due to speculations that Asia’s economic recovery is advancing. [...]