Yen Sags On Tokyo Olympics Win, China Data Seen Lifting Asia Shares

wochit business
September 08, 2013 AT 3:52 PM
The yen dropped as traders positioned for a rally in Japanese shares after Tokyo won its bid to host the 2020 Summer Olympics, while Asian shares look set to gain after mildly upbeat Chinese trade data underscored signs of stability in the world's second-biggest economy.