TOKYO (AFP) – The yen briefly touched a four-month high against the dollar in early Asian trade on Monday with currency markets responding to Japan's devastating earthquake and tsunami.
As of 8:40 am (2340 GMT Sunday), the dollar changed hands at 81.25 yen against 81.91 in New York late Friday. The euro traded at 113.53 yen, compared with 113.89 in New York.
At one point, the yen briefly surged to 80.60 against the dollar, the highest since November 9.
Market participants are now watching for any rise to 80.00 yen versus the dollar, dealers said, which could trigger....
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As of 8:40 am (2340 GMT Sunday), the dollar changed hands at 81.25 yen against 81.91 in New York late Friday. The euro traded at 113.53 yen, compared with 113.89 in New York.
At one point, the yen briefly surged to 80.60 against the dollar, the highest since November 9.
Market participants are now watching for any rise to 80.00 yen versus the dollar, dealers said, which could trigger....
Read entire article
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