The Japanese yen depreciated today on lower demand for safety after the meeting of the Group of Twenty leaders. The G-20 leaders have agreed on common measures to counter, boosting the equities. The leaders have pledged to halve the budget deficits by 2013 as well stabilize the debt-to-output ratio by 2016. Germany’s Chancellor, Angela Merkel, has also publicly appreciated the nations’ ability to accept a common decision. USD/JPY traded near the opening level of 89.31 at about10:18 GMT, after reaching a high of 89.45.
