Yen Weakens to 16-Month Low Versus Euro as Italian Bonds Decline

The yen weakened to a 16-month low against the euro on speculation the government will take steps to boost growth. European stocks and U.S. equity futures rose as U.S. lawmakers prepared to meet for budget talks. Italian 10- year bonds stayed lower after a debt auction. The Japanese currency dropped 0.

Posted: 2012-12-27 13:53:00

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