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Strategies & Market Trends : Asia Forum
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To: Zeev Hed who wrote (361)1/3/1998 11:30:00 AM
From: Tom Markowski  Read Replies (1) of 9980
 
Dollar Sets 5 1/2-Year High vs Yen on Japan Outlook

The dollar rose to a 5 1/2-year high against the yen and gained against the mark amid expectations the Japanese and German economies will continue to sputter in the new year. The dollar rose to 132.32 yen, its highest since reaching 133 yen on May 12, 1992. It was the biggest one day advance in four months, climbing from 130.54 Wednesday. Last year, the dollar rose 13 percent against the Japanese currency, its best annual performance since 1989.

Bloomberg News
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