3 October 2001, 10:19 Yen Gives Up Ground To FX Majors
The yen fell against both the
dollar and the euro in Asia Wednesday. Good US and Japanese buying of
euro-yen started the yen's slide, with the dollar soon gaining as well.
The good euro-yen buying also helped the euro regain ground above
$0.9200 against the dollar, pressing against resistance at $0.9225. The
Aussie dollar was firmer across the board, although the reaction was
slightly muted in the light of the RBA's rate cut.
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