The yen fell by the most since 1995 against its developed-nation counterparts as the Bank of Japan added economic stimulus and signs Europe’s debt crisis was abating damped safety demand. The 17-nation euro strengthened against the dollar and the yen during the quarter after regional leaders agreed on a second bailout for Greece, spurring optimism that the region was recovering from its financial crisis. Higher-yielding currencies, led by Mexico’s peso, rose on signs the U.S. economy was picking up. The U.S. is forecast to report a fourth month of job gains of more than 200,000 April 6.
Yen Drops Against All Major Currencies as BOJ Adds Stimulus
The yen fell by the most since 1995 against its developed-nation counterparts as the Bank of Japan added economic stimulus and signs Europe’s debt crisis was abating damped safety demand. The 17-nation euro strengthened against the dollar and the yen during the quarter after regional leaders agreed on a second bailout for Greece, spurring optimism that the region was recovering from its financial crisis. Higher-yielding currencies, led by Mexico’s peso, rose on signs the U.S. economy was picking up. The U.S. is forecast to report a fourth month of job gains of more than 200,000 April 6.