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Yen under pressure in Asia on easing speculation
Parvez Jabri
12 Mar, 2013
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![](https://i.brecorder.com/images/2013/03/yen_400.jpg">TOKYO: The yen was under pressure in Asia Tuesday as speculation grew that a new leadership team at the Bank of Japan will launch fresh easing measures, while the dollar was supported by upbeat US jobs data.</P><P>In afternoon Tokyo trade, the dollar strengthened to 96.47 yen, from 96.26 yen in New York Monday, while the euro also gained on the Japanese currency at 125.66 yen from 125.59 yen, after touching 126 yen in earlier Asian trading.</P><P>The single currency fetched $1.3023, weakening from $1.3046 after fresh European fourth quarter 2012 growth data confirmed the continuing recession, though Greece)