The Japanese yen slipped to a 10-day low against the dollar on Monday in Asian trading, following an upward revision to the US economic growth in the last quarter of 2010.
The yen dropped to a low of 81.66 against the greenback compared to Friday’s close of 81.42.
The commerce department on last Friday said that the US gross domestic product (GDP) grew by 3.1 percent in the fourth quarter last year, up from earlier estimate of 2.8 percent. In the third quarter, the US economy expanded 2.6 percent.
Also, the yen fell to an 18-day low of 83.78 against the Australian dollar from Friday’s close of 83.54.
The next target level for yen against the dollar and Australian dollar is seen at 82.0 and 84.0 respectively.
The yen climbed to a 4-day high of 114.21 against the euro, before easing to 114.74. Against the British pound, yen fell to 130.75 from a 10-day high of 130.16.