Yen Slips, Aussie Dollar Takes a Hit

The yen's slide continues and emerging market central banks eye the euro - it's time for your FX Fix.

The yen continued its slide and broke through a key chart level to hit a nine-month low against the dollar. [CNBC]

Even so, the euro fell against the yen on selling by Japanese exporters. [Reuters]

If enough banks participate in the upcoming European Central Bank loan operation, the euro will get a lift, analysts say. [WSJ]

Waning risk appetite and profit taking hit the Australian dollar in Asian trading. [WSJ]

Finance ministers at the G20 meeting turned up pressure on Germany to increase the size of the euro zone rescue fund. [CNN]

Central banks in South America and Asia are funneling extra reserves into euros and euro zone assets, foreign-exchange bankers say. [FT]

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