Yen Weakens Against Dollar, Euro After Moody’s Cuts Japan’s Credit Rating
By Garfield Reynolds -
2011-08-23T23:08:11Z
The yen weakened after Moody’s Investors Service lowered its credit rating on Japan’s government.
The Japanese currency declined to 76.73 per dollar as of 8:06 a.m. in Tokyo, from 76.66 yesterday in New York. The yen was at 110.77 against the euro from 110.70.
To contact the reporter on this story: Garfield Reynolds in Sydney at greynolds1@bloomberg.net
To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net
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