Yen retreats as Japan not singled out in draft G20 statement
Reuters -- Feb 16
The yen fell on Friday after three days of gains against the U.S. dollar and the euro as a draft statement from the Group of 20 nations did not single out Japan for undertaking policies that have weakened its currency.
That was a signal for investors to keep selling the yen, which has already fallen more than 7 percent this year versus the dollar following losses of 11.3 percent in 2012.
The yen had gained this week on expectations the G20 countries, which are meeting in Moscow, would echo a statement made by the Group of Seven this week and censure Japan for the yen's sliding trend.
"The final communique is not due until Saturday and could change. But for the time being, euro and yen traders have responded positively to what appears to be less constraint on Japan from G20 nations," said Kathy Lien, managing director at BK Asset Management in New York.
In late afternoon trading, the dollar rose 0.8 percent to 93.58 yen after hitting a one-week low of 92.21. It had set a 33-month high of 94.42 yen on Monday, and solid chart support was expected at 92.00.
US President Barack Obama has left the United States for his first trip to Japan in about 3-and-a-half years. Obama and Japanese Prime Minister Shinzo Abe will hold a summit meeting on Thursday. (NHK )
The education ministry conducted national academic achievement tests on Tuesday for all final-year students at primary and middle schools across the country. About 2.24 million students at about 30,000 schools took Japanese and mathematics exams. (The Japan News )
Japan and the United States are now seen deferring a broad trade agreement until after a summit meeting set for Thursday due to differences over key issues, informed sources said Tuesday. (Jiji Press )
The virus strain that caused bird flu at a poultry farm in southwestern Japan has been confirmed to be genetically identical to the one found in South Korea, the National Institute of Animal Health said Tuesday. (Jiji Press )
Airport authorities in Tokyo launched a frantic scramble to change security pass codes, an official said Tuesday, the day before U.S. President Barack Obama arrives, after an airline employee dropped a memo containing the details. (Japan Today )
The Imperial Household Agency announced this week that it has received over 100,000 applications from individuals seeking to participate in the first ever public opening of parts of the Imperial Palace. (Japan Today )
A former judge from the Ministry of Justice is alleged to have installed a camera inside a women's toilet inside a ministry building in Kasumigaseki, people with knowledge of the matter announced on Monday, reports Sports Nippon (Apr. 22). (Tokyo Reporter )
Police in Fuso, Aichi Prefecture, said Sunday they have arrested an unemployed 38-year-old man for attempted murder after he broke into the home of his ex-girlfriend and stabbed her and her parents. (Japan Today )
Feeding black-tailed gulls has been a popular activity on the sightseeing boats that cruise around the Matsushima islets, considered to be one of the three most beautiful spots in Japan, but local authorities banned the practice this month in a bid to protect the islets' famous pine trees from withering as a result of nitrogen in the droppings of the gulls, who have bred in large numbers in the area. (The Japan News )