NEW YORK, June 12 U.S. dollar losses versus the
Japanese yen accelerated in volatile mid-morning New York trade
on Wednesday as investors sought the Japanese currency's safety.
The dollar fell as low as 95.61 yen and last traded
at 95.84 yen, down 0.2 percent on the day. It had been trading
higher against the yen in early trade.
"The drop in dollar/yen coincided with option expiries at 10
a.m., but street flows are light," said Brad Bechtel, managing
director at Faros Trading in Stamford Connecticut.
Headlines out of Greece may have also contributed to risk
aversion, he said.
Greece's Socialist PASOK party on Wednesday called on Prime
Minister Antonis Samaras to keep his fragile three-party
government united after the state broadcaster's closure
triggered a backlash from junior partners in the coalition.