Yen under pressure, falls to 2-1/2 yr low versus dollar
LONDON Jan 30 (Reuters) - The dollar rose to a fresh 2-1/2 year high against the yen on Wednesday, bolstered by widening spreads between U.S. Treasuries and Japanese government bond yields amid expectations of more aggressive easing by the Bank of Japan in coming months.
The dollar was up 0.6 percent at 91.32 yen, with traders citing option expiries at 91.50 yen which could sway trade.
The euro was also 0.7 percent higher at 123.30 yen , with investors targetting its April 2011 high of 123.33 yen.
- Tweet this
- Share this
- Digg this
- UPDATE 3-Obama critic D'Souza spared prison for violating election law
- U.S. and Arab allies launch first strikes on militants in Syria
- Fired UPS worker kills two supervisors, self, in Alabama shooting
- New U.S. tax rules chill 'inversion' deal-making; shares dive |
- Chinese and Indian troops in Himalayan standoff
Retaining talent, reviving company
Infosys Ltd's new CEO has come up with a novel approach to reviving the financial fortunes of India's trailblazing outsourcing firm: use Facebook at work, tweet, but get the job done. Full Article