11 December 2001, 10:33 Yen Weakness Prevails Ahead Of FOMC, Tankan
The yen remained the poor relation on the currency exchanges in Tokyo, as few sought to aggressively sell the dollar from near eight-month highs ahead of the
Federal Open Markets Committee rate decision and Wednesday's release of
the quarterly Tankan survey by the Bank of Japan. The yen spent much of
the session around the Y126.00 level, as an early attempt at a rally
petered out at Y125.80. The euro was little changed against the dollar
ahead of the FOMC meeting.
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