The Japanese Yen slid lower overnight with the US Dollar gaining against most currencies, but it was more pronounced against the Yen.
USD/JPY made a high of 132.89 going into the New York close, which was just shy of last week’s peak of 133.00. it has eased so far through the Asian session.
The end of March marks the fiscal year-end for Japan. Some of the recent weakness in the currency has been attributed to potential flows from this accounting event.
