Yen Drops Against Most Counterparts as Gains in Shares Curb Refuge Demand
By Masaki Kondo -
2011-09-01T00:42:52Z
The yen fell against most of its major counterparts as gains in Asian stocks reduced demand for Japan’s currency as a refuge.
The yen declined to as weak as 110.48 per euro before trading at 110.28 at 9:41 a.m. in Tokyo from 110.16 in New York yesterday. Japan’s currency was at 76.76 against the dollar from 76.66.
To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net
To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net
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