Reuters: US Dollar Report: Yen falls to 4-1/2 year low versus buoyant dollar

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 falls to 4-1/2 year low versus buoyant dollar May 10th 2013, 11:06 LONDON | Fri May 10, 2013 7:06am EDT LONDON May 10 (Reuters) - The yen extended losses to fall to a 4-1/2 year low against the dollar on Friday, hurt by signs that Japanese investors were buying foreign assets and on better U.S. labour market data that could see the Federal Reserve slow further asset purchases. The dollar rose 1 percent on the day to 101.74 yen, its highest level since October 2008 after stop-loss buy orders above 101.55 and 101.60 yen were triggered. Traders also said it rose past a reported option barrier at 101.50 yen. The dollar's broad gains also saw the index, which measures the U.S. currency's performance against the six major currencies, rise 0.36 percent to 83.098, its highest since April 24.

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