The Yen was also negatively affected by the Dollar's most recent gains and is currently being traded above 90.00 against the greenback. The Yen is looking better against the Euro, as levels fell to approximately 129.80 in early morning trading.

Looking ahead, the Yen will likely remain at its current levels, as the Japanese government is aiming to keep its value low in order to boost their export industry. That being said any negative economic indicators that may come out of the U.S. would likely lead to a positive impact on the JPY.