Samuel Sekuritas analyst Lana Soelistianingsih said here on Tuesday the Japanese economy grew 1.4 percent on-year in the second quarter of this year, falling short of expectation of 2.3 percent.
The currency weakened to the level of 9,475 from 9,465 in inter-bank trade on the Japanese and European economic growth not up expectation, she said.
The Japanese economic slowdown followed weak demand from the European Union and yen strengthening resulting in export fall in volume and competitiveness, Lana said.
Monex Investindo Futures analyst Ariston Tjendra said market players are still awaiting developments in the European Union this week.(IGT)
: Masuki
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