Yen Renews Lows

The yen renewed multimonth lows against the dollar and the euro Monday in Asia as European sovereign-debt problems showed further improvement and expectations continued for aggressive easing by the Bank of Japan.

Risk taking sentiment improved after the European Central Bank said Friday it will get €137 billion back from 278 banks on Jan. 30, the first day banks can repay cheap three-year crisis-response loans they got from the ECB a year ago.

Posted by Jospeh Hany

Yen Renews Lows

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