Yen extends losses, hits 20-month low vs dollar

SINGAPORE Wed Dec 26, 2012 5:37am IST

People pass the Bank of Japan headquarters building in Tokyo December 17, 2012. REUTERS/Yuriko Nakao

People pass the Bank of Japan headquarters building in Tokyo December 17, 2012.

Credit: Reuters/Yuriko Nakao

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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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