Nov. 14 (Bloomberg) -- The euro weakened for the first time in three days against the yen as Italy prepares to sell as much as 3 billion euros ($4.13 billion) of five-year debt in an auction today. The shared currency declined versus 12 of its 16 major counterparts on concern nations such as Italy and Greece will struggle to resolve their debt crises even with new governments. German lawmakers are preparing for Greece's departure from the common currency in case the debt-strapped country's new government doesn't commit to carrying forward reforms, Spiegel magazine said, without saying where it got the information "That takes a little bit of the gloss off the euro and there's also an Italian bond auction today and a Spanish one later this week," said Tim Kelleher, Auckland-based head of institutional foreign-exchange sales at ASB Institutional, a unit of Commonwealth Bank of Australia. "My bias is still to buy the U.S. dollar on dips." The euro dropped 0.5 percent to 105.60 yen at 8:34 a.m. London time. The shared currency declined 0.3 percent to $1.3716. The yen gained 0.2 percent to 77.02 per dollar. Italy will auction as much as 3 billion euros of five-year notes maturing in September 2016 today, Germany will sell as much as 6 billion euros of two-year notes on Nov. 16 and Spain will sell bonds maturing in 2022 on Nov. 17.

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