Yen slips in Asia on Japan minister's remarks
Published on Jan 17, 2013 3:54 PM
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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