In Tokyo, the dollar slipped to 117.50 yen, from 117.90 yen in New York and well down from levels above 118 yen in Asia earlier Tuesday.
The euro weakened to 138.31 yen and $1.1770 from 138.84 yen and $1.1777 in US trade, after comments from a key member of the ECB were taken as an indication new stimulus measures could come soon.
The euro weakened to 138.31 yen and $1.1770 from 138.84 yen and $1.1777 in US trade, after comments from a key member of the ECB were taken as an indication new stimulus measures could come soon.
"If stocks continue to slump on the idea that low oil prices will become a risk to the US or the global economy, (the) dollar-yen will continue to fall," Masato Yanagiya, head of foreign exchange and money trading at Sumitomo Mitsui Banking Corp. in New York, told Bloomberg News.
"It'll be easy for the yen to strengthen amid a flight to quality." Investors consider the yen as a safe-haven currency during times of uncertainty or turmoil.
"It'll be easy for the yen to strengthen amid a flight to quality." Investors consider the yen as a safe-haven currency during times of uncertainty or turmoil.
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