“The yen weakened to an 11-month low against the dollar as U.S. 10-year Treasury yields rose for a seventh day before reports that analysts said will indicate the American economy is gathering momentum.
The yen declined against 13 of 16 major counterparts after Asian stocks advanced for a third day, curbing demand for the lower-yielding Japanese currency. U.S. data today will show initial jobless claims decreased and a regional index of manufacturing improved, according to economist estimates in Bloomberg surveys. Bank of Japan (8301) Governor Masaaki Shirakawa this week indicated the central bank will keep using monetary policy as a tool to tackle deflation….”
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