Bloomberg News

Euro Erases Decline Against Yen Before ECB Allots Funds to Support Banks

February 28, 2012

The euro erased losses against the yen before the European Central Bank allots a second round of unlimited three-year funds tomorrow to help shore up the region’s banks.

The 17-nation euro traded at 108.18 yen as of 2:52 p.m. Tokyo time, after falling to as low as 107.30 from 107.99 yesterday in New York. It gained 0.3 percent to $1.3441.

To contact the editor responsible for this story: Naoto Hosoda at nhosoda@bloomberg.net


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