Japanese stocks continue to decline. The reason behind such decline is that exporters were pulled down by a stronger yen. As a result, the Japanese shares have hit a seventh-month intraday low as the yen strengthened against the dollar and the euro.

The benchmark Nikkei 225 Stock Average lost around 85.0 points, which is equivalent to a decline of 0.92% to trade at about 9,181.78.

Meanwhile, the broader arrow of the Topix index was also dipped by 4.81 points, which is equivalent to around 0.57%, at 832.08. The currency markets have shown several changes in the day.

The US dollar traded at 87.49-53 yen was down from its previous close of 87.84-86 yen.

On the other hand, the euro was traded at 1.2506-2509 dollars. The euro rate was down from 1.2532-2534 dollars as of its previous trading at 109.42-46 yen.

The world’s second biggest economy Japan has its driving force in the Japanese exporters. A stronger yen decreases the completion of Japanese exports and for this reason it reduces overseas earnings when the revenues are repatriated.