The Japanese currency was weak against the sterling in trading on Monday afternoon. The decline brought the currency to a mark of 239.84 as action progressed. On the whole, the Japanese yen is near a weekly low against its British counterpart.
Against the euro, the yen saw some weakness in trading on Monday. As action headed into the afternoon, the currency edged down to a mark of 162.65. In general, the Japanese currency has moved little against the euro since last Wednesday, keeping near a three week high.
Versus the dollar, the Japanese currency saw some weakness in action on Monday. By the mid afternoon, the currency had edged down to a mark of 121.78. Overall, the Japanese yen is near a week and a half low against the American dollar.
The Japanese economy expanded 0.8% in the first quarter, higher than the preliminary estimate of 0.6%. The revised growth matched market expectation.
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