NEW YORK Jan 30 The dollar briefly jumped against the yen in early trade on Wednesday after a better-than-expected reading on U.S. private-sector employment growth for January.
The dollar rose as high as 91.39 yen on Reuters data, compared with 91.25 yen before the release. It was last up 0.6 percent at 91.29 yen.
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Companies are struggling to recover from years of exuberance, and say that Reserve Bank of India (RBI) Governor Raghuram Rajan's caution in cutting rates despite historically low inflation is making it harder for them to get back on track. Full Article