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The Japanese yen declined versus the US dollar and the euro in Asian trade Thursday, as Tokyo stocks regained, which prodded selling of the safe-haven currency.
Against the greenback, the yen traded at ¥117.74 from Wednesday’s ¥117.27. The currency was at ¥138.59 per euro, previously ¥138.25.
The Nikkei index added 1.9% following it shed more than 400 points in the last two sessions.
The dollar-yen pair, keeping with the stock market’s steady advances, “is corresponding steps,” said Kyosue Suzuki, Head of the FX and Money Market Sales Separtment at Societe Generale.
