The Japanese yen declined further against other major currencies on Wednesday's European deals following the Japan's LDF leader Shinzo Abe's pledge for large scale monetary easing when his party comes to power after December elections.
He made the remarks during the press conference at Tokyo while announcing campaign promises for upcoming general elections next month.
Abe targeted a 3 percent nominal economic growth, inflation goal of 2 percent and bold monetary policy to get rid of deflation.
The yen hit new multi-month lows of 82.36 against the greenback, 105.50 against the euro, 87.64 against the franc, 131.28 against the pound, 85.42 against the aussie, 67.10 against the kiwi and 82.66 against the loonie.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.