Yen gains in Asia after poor retail sales data
Saturday, 15 February 2014
TOKYO, Feb 14: Currency traders moved into the yen in Asia today after weaker-than-expected US retail sales data sparked more questions about the health of the world's biggest economy.
In Tokyo afternoon trade, the greenback fetched 101.76 yen, weakening from 102.15 yen in New York Thursday afternoon. The euro bought $1.3677 and 139.21 yen, from $1.3678 and 139.74 yen.
Data published Thursday showed that US retail sales fell unexpectedly in January, but some economists blamed bad winter weather in part for the drop.
— AFP