The Japanese yen weakened today, falling to the lowest level in more than in a month against the euro, on the forecasts that the reports today would show the producer prices increased in Germany and the consumer confidence improved in the US, decreasing the demand for the safe haven.
The analysts predict that the producer prices in Germany grew 0.3 percent in August, following the July increase of 0.5 percent. The Reuters/University of Michigan Consumer Sentiment expected to rise from 68.9 to 70.2 this month.
USD/JPY rose slightly to 85.86 from its opening level of 85.77 as of 8:55 GMT today. EUR/JPY advanced to 112.92, the higher level since August 10th, after it opened at 112.17.
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