Yen stumbles on poor trade figures, easing hopes

The yen lost more ground in Asia on Wednesday, hitting a seven-month low against the dollar after Japan released another batch of weak trade data, which raised hopes for fresh monetary easing.

The dollar bought 81.96 yen in Tokyo trade, hitting levels last seen in early April, and up from 81.67 yen in New York late Tuesday.

The euro also bought 104.93 yen from 104.70 yen, although it eased to US$1.2801 from US$1.2818 in New York.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1087483/yen-stumbles-poor-trade-figures-easing-hopes