Euro Trending Down Against Yen

(RTTNews) - The European currency lost ground against the Japanese yen by about 6:55 pm ET in the early Asian deals on Tuesday. Down from 164.93, the pair hit a low of 163.75 by about 2:35 am ET. If the pair weakens further, 162.44 can probably be the next level of target. Early Asian deals were likely to have been affected by the Bank of Japan's monetary report released at 7:50 pm ET. The market now turns toward the Euro-Zone PPI and unemployment rate data for August, which are expected shortly.