Reuters: US Dollar Report: Yen hits 2-year low on new Japan govt expectations

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Yen hits 2-year low on new Japan govt expectations Dec 27th 2012, 01:16 SINGAPORE | Wed Dec 26, 2012 8:16pm EST SINGAPORE Dec 27 (Reuters) - The yen hit a two-year low against the dollar on Thursday, reflecting expectations that the new government of Prime Minister Shinzo Abe will push to weaken Japan's currency and implement aggressive stimulus. The dollar rose as high as 85.78 yen on trading platform EBS as of 0113 GMT, the greenback's highest level since September 2010. The dollar last stood at 85.75 yen, up 0.2 percent on the day.

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