Versus the euro, the yen saw strength heading into afternoon trading on Wednesday. The advance brought the yen to a mark of 163.05. On the whole, the Japanese currency is near a two week low against the euro.
The yen edged up in trading against the dollar on Wednesday afternoon. The currency rose to a mark of 121.46 as action progressed. Overall, the yen is still near a three and a half month low.
Against the sterling, the yen was strong in trading on Wednesday. The rise took the currency to a mark of 239.86 by the mid-afternoon action. Generally, the Japanese currency is at a weekly low against the pound.
Japanese automobile production fell 3.8% year-over-year in April. The number of vehicle produced totaled 870,639 units, smaller than 904,821 units last year.
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