Thursday, September 11, 2008

The Yen Drops

Yen Falls as Advance in Stocks Boosts Demand for Higher Yields

Sept. 10 (Bloomberg) -- The yen fell the most in more than two weeks against the euro and the dollar as an increase in U.S. stocks encouraged investors to take out low-cost loans in Japan and buy higher-yielding assets elsewhere.

Japan's currency also decreased versus the Australian and New Zealand dollars on speculation .

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