Yen falls broadly in London

Posted by 7Star Tuesday, April 7, 2009

The yen fell broadly on Monday, hitting its weakest against the dollar and the euro in nearly six months as investors took on perceived riskier assets on the view that a global economic downturn may have hit a bottom. The dollar rose as high as 101.45 yen, according to Reuters data, vaulting above 101 yen for the first time since last October, while the euro climbed as high as 137.43 yen, a level last seen roughly half a year ago.

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