Yen drops to 2-1/2 yr low versus U.S. dollar
LONDON Feb 4 (Reuters) - The dollar rose to a 2-1/2 year high against the beleaguered yen on Monday on buying by a U.S. bank and as more investors sold the Japanese currency on expectations that the Bank of Japan would ease monetary policy further in the near term.
The dollar rose to 93.135 yen, its highest level since mid-2010, and rising past a reported option barrier at 93 yen. Traders cited more option barriers at 93.25 and 93.50 yen with a large one at 94 yen.
- Tweet this
- Share this
- Digg this
- UPDATE 2-Concordia finally heads for scrapyard after massive salvage operation
- Facebook beats Wall Street targets, stock hits record high |
- Seven arrests made in $1.6 million StubHub cyberfraud case |
- UPDATE 3-Seven arrested internationally in $1.6 million StubHub fraud
- UPDATE 3-Ex-Jefferies trader gets 2 years in prison in fraud case
India is set to offer Nepal a landmark pact to help develop its huge hydro-electric power potential as the South Asian giant takes another step to re-assert influence among smaller neighbours where China has been forging closer ties. Full Article
Jet Airways chairman says looking to restructure debts, talking to bankers Full Article
Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec Full Article