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The euro was at 99.16 yen this morning after dropping 0.2 per cent to 99.07 yen, reports Bloomberg.
On January 2nd it momentarily tumbled to 98.66 yen, the currency's lowest point since December 2000.
It has performed badly over the past month, sliding by 2.8 per cent overall as forex traders opted for the relative safety of the dollar and the yen amid concerns over the eurozone's economic stability.
Sean Callow, a senior currency strategist at Westpac Banking, told the news provider debt problems in Europe were putting constant pressure on the 17-nation currency.
"There's really been nothing that would make you want to even play for an interim bounce in the euro," he added.
Fears over the eurozone's debt crisis spread yesterday after Germany sold government bonds, brining the Dax index down by 0.7 per cent, Bloomberg noted.
Posted by Clive Arneil
