Yen under pressure, falls to 2-1/2 yr low versus dollar

LONDON Wed Jan 30, 2013 2:15pm IST

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.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Factory Activity

Factory Activity

Economy fears deepen as August HSBC flash PMI at three-month low  Full Article 

Asian Market

Asian Market

Asia shares slip as China disappoints, Japan bucks trend  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage