The US dollar fell to its lowest level against the yen in more than two years on Wednesday.
In Asian trading the dollar fell to 120.00 yen, while the euro reached $1.3809 - lower than the record set earlier in the week.
It is thought that weakness in the US housing market has contributed to the dollar's decline, with the situation boosting the yen's position.
Speaking to the Reuters news agency, Tsutomu Soma, a senior manager at Okasan Securities, said: "The yen was the weakest currency among the euro, dollar, yen trio until recently."
The dollar continues to be the weakest and many commentators expect that it will carry on falling, he added.
On Tuesday the pound reached a 26-year high against the dollar, but fell again following the publication of data by the Confederation of British Industry that showed the manufacturing sector had fewer orders in July.
Please note: All rates are subject to change, for the latest up-to-date rates check our Currency converter
Contact Us
Currency Converter
Today's Currency News
Markets are gearing up for an action-packed trading session, with key policy meetings of the BoE and...
Currency Rates
| US Dollars | 1.5828 |
| Euros | 1.1915 |
| Swiss Francs | 1.4425 |
| Australian Dollars | 1.4668 |
| South African Rand | 12.050 |
| GBP indicative mid-market rate at 15:40. Please call for quote. | |
Currency Solutions Ltd is registered in England, Company No. 4864491.
© 2003 - 2012
Registered address is Hobbs Court, 2 Jacob Street, London SE1 2BG.
HM Revenue & Customs, No. 12162570
Regulated and authorised by the Financial Services Authority,
as a Payment Institution, No. 512130