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)
Trending On Reuters
Prime Minister said on Thursday the thinking by the Reserve Bank of India and government on financial matters were often quite similar, although he did not provide any specifics. Full Article
RBI to leave repo rate on hold next week but cut 25 bps by end-June - Reuters poll Full Article