The Asian session today saw the Japanese yen resume the weakness for the third straight day against the dollar and major currencies, amid the expectations for a looser monetary policy by the BOJ in order to support the economy and fight deflation.

The Japanese yen declined for the third day against dollar, where the USD/JPY traded near the highest in week at 81.53 after opening at 81.30 and recording a low of 81.25.

Meanwhile, the Japanese economy recorded a trade deficit in March after recording a surplus in February, which negatively affected the Yen to reach the lowest in two weeks against Australian dollar at 130.66.

The Australian dollar slightly declined against the dollar amid fears over the outlook for the Chinese economy.

AUD/USD pair fell to the low of 1.0348 after recording the high at 1.0378 and currently at 1.0356. NZD/USD pair is trading near 0.8157.