The Japanese Yen slipped to 91.40 per Dollar, having fallen 0.3% in the previous session. The JPY could come under a bit of pressure on expectations Japanese investors will step up overseas bond purchases. Traders are eyeing support at 91.75 and then at around 92.30 per Dollar.
The Yen may slide for an 11th day against the EUR, its longest losing run since December 2004, after a Finance Ministry report showed Japan's shipments abroad fell 30.7% in September from a year ago, compared with a 36% drop in August.
In Asia, it seems that the pace of deceleration in exports is slowing, which is encouraging, analysts said. Therefore the Yen may tend to under perform other major currencies except for the U.S Dollar when risk appetite is pretty strong.