Tuesday, May 22, 2007

Yen Drops to Three-Month Low on Speculation Report Will Show Prices Fell

(Bloomberg) -- The yen fell to a three-month low
against the dollar on speculation a Japanese government report
this week will show consumer prices declined last month.

The yen weakened to 121.71 per dollar before trading at
120.68 at 8:10 a.m. in Tokyo from 121.56 late yesterday in New
York. Against the euro it was at 165.65 from 163.48


Read more at Bloomberg Currencies News

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