US dollar touches fresh 2-1/2 year high against the yen

NEW YORK Fri Feb 1, 2013 12:00am IST

Related Topics

NEW YORK Jan 31 (Reuters) - The U.S. dollar spurted to a fresh 2-1/2 year high on Thursday, reaching 91.41 yen in a move that extended its declines on expectations of further easing of monetary policy.

In midday New York trade, the dollar traded up roughly 0.30 percent against the yen, beating just slightly the previous high of 91.40 set on Wednesday.

The dollar has rallied 12 percent versus the yen since mid-November.

A Bank of Japan deputy governor earlier on Thursday flagged the strongest signal yet that it will boldly implement more stimulus if needed to achieve the bank's new 2 percent inflation target.

FILED UNDER:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Intel's Valuation

Intel's Valuation

Intel could rise 30 percent over next two years - Barron's.  Full Article 

Canonisation

Canonisation

Pope declares sainthood of two Indians, four Italians.  Full Article 

Stake Sale Strike

Stake Sale Strike

Coal India trade unions call off strike in victory for Modi.  Full Article 

Interview with Bulgari CEO

Interview: Bulgari CEO

Bulgari CEO: we shouldn’t have left India so we’re back.  Full Article 

Formula One

Formula One

Hamilton takes second F1 title in style.  Full Article 

Available For Remake

Available For Remake

Bollywood finally wants to pay the price for remakes.  Full Article 

Davis Cup

Davis Cup

Vintage Federer seals first Davis Cup for Switzerland.  Full Article 

Reuters India Mobile

Reuters India Mobile

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