The yen continued to add losses across the board in early European deals on Wednesday as low-yielding currencies weakened on growing expectations that the Fed would not taper stimulus this year.
Against the US dollar, the yen dropped to an 8-day low of 98.32 around 3:40 am ET. The Japanese unit also lost ground against the European majors, trading as low as 135.10 against the euro, 109.23 against the Swiss franc and 157.77 against the pound.
The yen slipped to 6-day lows of 93.99 against the Canadian dollar and 81.37 against the New Zealand dollar. The yen was testing yesterday's low against the Australian dollar around 3:50 am ET, trading as low as 93.45.
