Friday, 11 August 2017

The Dollar Extended Losses Against The Yen To Hit A New Two Month Low

The dollar extended losses against the yen to hit a new two-month low. It was down 0.1 percent at 109.07 yen, after retreating 0.8 percent on Thursday.

Japan is the world's biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis.

Weakness in US Treasury yields may also be supporting the yen, some analysts said.

US Treasury yields fell to as low as 2.197 percent, their lowest level since June 28 overnight. They were at 2.201 percent early on Friday.

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