2014.10.2903:48:08UTC+00Japanese yen tumbles despite risk appetite

The Japanese yen plummeted against major counterparts Wednesday in spite of risk appetite and before the Federal Reserve’s policy meeting ends today.

In Asian trading, the yen declined to four-week troughs of 95.90 per Australian dollar from 95.73, and 114.26 per Swiss franc from 114.16.

The currency plunged to almost three-week lows of 137.80 per euro from 137.69, and 96.91 per Canadian dollar from 96.83.

It also dropped to a two-day trough of 108.23 per US dollar, previously 108.13.

Figures from the Ministry of Economy, Trade and Industry showed the industrial production in Japan went up to a seasonally adjusted 2.7% in September. On an annual basis, industrial production grew 0.6%.