The Japanese yen fell today as the signs of the global economic recovery and the declining prices for oil decreased demand for the currency as a safe haven.
The German industrial output increased 1.8 percent in January, following the decline by 0.6 percent in December, exactly as was predicted. The economies of Japan and the US are also showing signs of growth. The sign of recovery together with the fall of oil prices made the future of the global economy to look less grim, making traders to prefer risk over safety.
USD/JPY traded near 82.75 as of 11:26 GMT today after it opened at 82.65 and reached the intraday high of 82.93.
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