The
yen remained lower against the dollar after tumbling for a third
straight year amid speculation the Bank of Japan will continue
unprecedented stimulus measures, while the Federal Reserve will raise
interest rates this year.
The
dollar held gains against its 16 major peers before a report by Market
Economics which economists say will show that a U.S. manufacturing index
rose. The New Zealand dollar weakened, extending declines since 2013,
after a Chinese manufacturing gauge slipped to the lowest level in 18
months.
The
yen declined 0.1 percent to 119.87 against the dollar at 8:10 a.m. in
Singapore. Against the euro, Japan™s currency was little changed at
144.86. The shared currency slipped 0.2 percent to $1.2085. New
Zealand™s currency, also known as the kiwi, fell 0.1 percent to 77.95
U.S. cents.
Financial markets are shut today in China, Japan, New Zealand, Philippines, Taiwan and Thailand.
Source : Bloomberg
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