JPY weaker during Asian session, German IFO and US Consumer confidence to be released
The yen weakened for a second day against the dollar and the euro as the tightness in risk proxies extended on the news from the weekend that the Japanese government is looking to offer public funds to non financial firms. We saw the EUR rallied more than 100 pips from its low. The yen declined to 89.93 against the dollar as of 7:42 a.m. in London from 89.10 late yesterday in New…