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
- Kerry seeks Qatari, Turkish help to find Israeli soldier
- India says WTO deal not dead, can sign in Sept if concerns addressed
- UPDATE 4-African leaders agree steps to fight runaway Ebola outbreak
- Gaza truce over, Israel soldier captured, 70 dead in Rafah shelling
- Nine reasons why India's WTO veto shocked the world
Prime Minister Narendra Modi came to office with a reputation as a business-friendly leader ready to open up one of the world's biggest markets and sweep away the remnants of the country's socialist past. Full Article