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.
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The BSE Sensex ended up slightly on Monday after rising to a record high for a third consecutive session as strong foreign buying continued to boost domestic-focused shares such as those of HDFC Bank, but momentum waned as exporters slumped on a stronger currency. Full Article