Yen Continues to Gain After Japanese Equities Slide

The Yen continued to make gains going into the third hour of the Asian trading session after Japanese equities slid. Indeed, the Nikkei index declined 1.28% at the break with Toyota Motor shedding 3.2% after U.S. lawmakers announced that the “Cash-for-Clunkers” program would be ending on Monday. Yen traders saw the currency rise against the U.S. Dollar to as high as 93.66, 30-hour peak. Volatility is expected to increase once Japanese stock traders resume their activities at 23:00 EST.