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Yen slips in Asia on Japan minister's remarks

Published on Jan 17, 2013 3:54 PM
 
A pedestrian passes before a share prices board in Tokyo on Jan 15, 2013. Japan's share prices rose 77.51 points to close at a 32-month high of 10,879.08 points at the Tokyo Stock Exchange. The yen eased on Thursday, Jan 17, 2013, after a Japanese minister reportedly said his recent comments about the unit being too weak - which had sparked a sharp rise - had been misinterpreted. -- PHOTO: AFP 

TOKYO - The yen eased on Thursday after a Japanese minister reportedly said his recent comments about the unit being too weak - which had sparked a sharp rise - had been misinterpreted.

The dollar recouped earlier losses against the Japanese currency, rising to 88.72 yen (S$1.23) from with 88.37 yen in New York Wednesday afternoon.

The euro bought 117.86 yen from 117.42 yen, while the single currency was flat at US$1.3286 (S$1.63).

On Tuesday, the yen jumped after economic revitalisation minister Akira Amari warned the currency's sharp decline could hit consumers by making imported goods more expensive.

 
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