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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