21 May 2002, 10:57 Jawboning Sees Yen Fall From Highs In Asia
The dollar bounced back from overnight lows in Asian trade, buoyed by strong dollar buying from investment funds and a concerted effort at jawboning from Japanese officials. The Bank of Japan's decision to leave monetary policy
unchanged also helped give the dollar a further push higher. The euro
also succumbed to the dollar buying, slipping to a session low at
$0.9171. //MarketNews
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