Dollar Hits 15-Year Low vs Yen After Fed Move
August 11th, 2010Via: Reuters:
The dollar fell to a 15-year low against the yen on Wednesday as steps taken by the Federal Reserve to revive a faltering U.S. economy pushed U.S. Treasury yields lower.
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The dollar dropped to 84.72 yen JPY= on trading platform EBS, after taking out option barriers at 85.00 and 84.75, in a move fuelled by U.S. two-year Treasury yields hitting a record low.
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