The Yen continued its decline against the EUR and GBP, on speculation Asian stocks will extend a global rally and before a U.S. report forecast to show industrial production expanded for a third month, boosting demand for higher-yielding assets. The Japanese currency also depreciated against the USD. The Yen touched 136.03 per EUR, its lowest level since August 24, and is currently trading at 135.54 per EUR, from 135.35 in New York yesterday.

The currency slid to as low as 90.99 per USD, the weakest since September 25, and is currently at 90.90 from 89.46 yesterday. With no economic data expected from Japan today, the Yen's strength will likely be determined by movements in global equities. Therefore, it is highly recommended that you open JPY positions as soon as possible.