SINGAPORE 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)
Trending On Reuters
Coming up: GDP numbers
India's economic growth likely picked up in the July-September quarter, outpacing China on improving domestic demand and manufacturing activity that could persuade the Reserve Bank of India to keep interest rates unchanged on Tuesday. Read