INQUIRER.net: Yen weakens in Asia after G20 talks

INQUIRER.net Philippine News for Filipinos

Yen weakens in Asia after G20 talks Feb 18th 2013, 00:59 TOKYO – The yen weakened in early Asian trade Monday after a G20 meeting ended with the world's leading economies pledging not to devalue their currencies, but without targeting Tokyo over the yen's plunge.   The dollar strengthened to 93.90 yen, against 93.53 yen in New York on Friday, while the euro fetched 125.40 yen, from 124.97 yen in US trading.   The G20 pledge echoed a similar recent statement by the G7 richest nations which was also approved by Japan, whose monetary policy has been heavily criticised over claims it guided the yen's steep fall in recent months.   Japan's new government and the central bank have denied they were orchestrating... Keep on reading: Yen weakens in Asia after G20 talks Media files: asian-Markets-Japan2.jpg (image/jpeg)

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