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Dollar skids to more than 1-month low against yen
January 12, 2017 / 7:07 AM / 9 months ago

Dollar skids to more than 1-month low against yen

A packet of former U.S. President Abraham Lincoln five-dollar bill currency is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo

TOKYO (Reuters) - The dollar extended its losses in Asian trading on Thursday, breaking through the previous session’s one-month low against the yen hit after President-elect Donald Trump’s news conference failed to offer details on his plans to boost fiscal spending and cut taxes.

The dollar fell to as low as 114.160 yen JPY=, its lowest since Dec. 9, and was last at 114.345, down 0.9 percent on the day.

Reporting by Tokyo markets team; Editing by Kim Coghill

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