The Japanese currency declined against its major counterparts the European currency and the US dollar, before the reports that expected to show European producer price inflation increased along with the US report that may show services industries expanded, reducing the demand for safe haven currencies.

On the other hand, the market sentiment has improved after the reports that confirmed the global economy recovered during the period, encouraged investors to increase their investment.

The USD/JPY rose slightly during the first four hours of Asian session, trades around 84.14, recorded the highest level at 84.21 and the lowest level at 84.04.

Moreover, the Japanese Yen trades near of a 10-month low versus the shared currency, as gains in equities worldwide spurred demand for higher-yielding securities.