Yen Moves Back to 92.50 Before G-20 Officials Meet in Moscow

The yen maintained a three-day advance before Group-of-20 finance ministers and central bankers start a two-day meeting today in Moscow.

The euro traded 0.3 percent from a three-week low on signs the currency bloc’s economy and consumers are struggling to recover from the debt crisis. The New Zealand dollar touched the highest level in almost 1 1/2 years after a report showed retail sales climbed more than estimated.

“The yen is being bought as market remains cautious about the statements from the G-20 about currency policies,” said Masato Yanagiya, the head of currency and money trading in New York at Sumitomo Mitsui Banking Corp., a unit of Japan’s second- biggest financial group by market value.“There may be some criticism about the pace of the yen’s depreciation.”


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