Dollar trades in 160 yen zone in Tokyo after Fed chief's hawkish speech
TOKYO (Kyodo) -- The U.S. dollar traded in the lower 160 yen range in Tokyo early Monday after topping the 160 yen line in New York late last week for
The U.S. dollar traded in the lower 160 yen range in Tokyo on Monday, following a speech by Federal Reserve chief Kevin Warsh that left the door open for a potential interest rate hike. The dollar reached 160.12-13 yen in Tokyo at 9 a.m., surpassing the 160 yen mark in New York for the first time since coordinated Japan-U.S. yen-buying in July.
The euro was quoted at $1.1589-1589 and 185.55-56 yen against $1.1577-1587 and 185.36-46 yen in New York, while stocks fell, with the Nikkei Stock Average shedding 1,376.88 points, or 2.07 percent, from Friday's close.
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