Dollar/Yen Hits Reality, 15-Year Low

The dollar is being battered by the yen.

The dollar fell to a fresh 15-year-low against the yen early Monday before investors backed off, reluctant to risk the possibility of another strong Japanese intervention.

The pair fell to Y80.21, its lowest in 15 years and the closest it has come to the Y79.75 level that has stood since April 1995 as the dollar’s lowest point since the end of World War II.

Posted by on November 1st, 2010 at 1:52 pm


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