Thursday, September 13, 2012

Reuters: US Dollar Report: Dollar hits 7-month low versus yen

Reuters: US Dollar Report
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Dollar hits 7-month low versus yen
Sep 13th 2012, 08:05

LONDON, Sept 13 | Thu Sep 13, 2012 4:05am EDT

LONDON, Sept 13 (Reuters) - The dollar fell to a fresh seven-month low against the yen on Thursday on speculation the U.S. Federal Reserve could announce further monetary easing later in the session following its two-day policy meeting.

The dollar dropped 0.2 percent on the day to 77.64 yen, its lowest level since Feb. 14. Market players cited an option barrier at 77.50 yen.

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