Yen extends losses, hits 20-month low vs dollar
SINGAPORE (Reuters) - The yen fell to a 20-month low against the dollar on Wednesday, pressured by expectations that incoming Japanese Prime Minister Shinzo Abe would push the Bank of Japan into more forceful monetary easing.
The dollar rose as high as 85.08 yen on trading platform EBS, the greenback's highest level since April 2011, and last stood at 85.03 yen, up 0.4 percent on the day.
(Reporting by Masayuki Kitano; Editing by Edmund Klamann)
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Government officials painted an upbeat picture for the economy on Thursday as it struggles to emerge from the longest spell of sub-par growth in decades and promised to tighten up risk management at the country's dominant state banks. Full Article