The yen traded to its weakest level in Forex trading online

Online, June 8, 2010 (Newswire.com) - The yen traded to its weakest level in Forex Trading Online this week against the US dollar. Gains in stocks increased demand for higher-yielding assets; additional the announcement of Japan's Social Democratic Party left the coalition government created uncertainty in Japan.
The Japanese currency declined earlier after a poll showed more than half the nation's voters want Prime Minister Yukio Hatoyama to resign from a continued government. As we mentioned on this blog, the yen rose against all 16 most- traded peers this month as Europe's credit crisis drove investors to the "safest assets".
The Canadian dollar advanced as a report showed the country's economy expanded at a fast in the first quarter, the biggest increase in more than 10 years. Euro headed for its biggest monthly drop since January 2009.