Currency Alerts

Yen Weakens Against Majors

The Japanese yen declined against other major currencies on Thursday's Asian deals amid risk aversion following a weak reading of China manufacturing activity in June.

An indicator of China's manufacturing sector performance declined to its lowest level in nine months in June, a survey by HSBC and Markit Economics showed today.

The flash manufacturing purchasing managers' index fell to 48.3 in June from 49.2 in May

The yen slipped to a 9-day low of 97.17 against the greenback, 8-day lows of 128.80 against the euro and 104.52 against the franc.

The yen declined to 150.02 against the pound, reversing from a Wednesday's 2-day high of 148.26.

The yen reached as low as 94.40 against the loonie, heading towards yesterday's multi-day low of 94.54.

by RTTNews Staff Writer

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