[Caunnysup]

The yen weakened against all major peers after Japan posted a record current-account deficit, threatening to undermine the currency’s haven status.

The euro advanced for a second day against the yen after German Finance Minister Wolfgang Schaeuble said he’s “quite optimistic” that the so-called private-sector involvement element of Greece’s bailout will succeed. New Zealand’s dollar was 0.6 percent from its weakest level in six weeks after the country’s central bank kept its benchmark rate at a record low.

“Japan’s current-account deficit exceeded expectations, fueling concerns about its economic growth and fiscal problems,” said Yuji Saito, director of the foreign-exchange department in Tokyo at Credit Agricole CIB. “This is spurring selling of the yen.”

The yen fell 0.3 percent to 81.29 per dollar as of 9:24 a.m. in Tokyo from the close in New York yesterday. It lost 0.2 percent to 106.79 per euro. The 17-nation euro was little changed at $1.3137. The New Zealand dollar dipped 0.2 percent to 81.49 U.S. cents after falling to 81.01 on March 6, the lowest since Jan. 25.

Japan posted a current-account deficit of 437.3 billion yen ($5.4 billion) in January, the Ministry of Finance said today. That is the biggest deficit since comparable data began in 1985 and compares with the median estimate of a 320 billion yen gap in a Bloomberg News survey of economists.

The debt-swap offer to Greece’s private creditors concludes at 10 p.m. Athens time today.