Thursday, 30 January 2014 00:00
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NEW YORK (Reuters) - The dollar weakened further against the yen on Wednesday as lower U.S. bond yields reduced the relative appeal of U.S. investments versus their Japanese counterparts.
The greenback fell to a session low of 102.21 yen in early New York trading, down 0.7% from late on Tuesday. It still held above a seven-week low against the yen set on Monday due to jitters over financial woes in Argentina, Turkey and other emerging markets.
The yield on benchmark 10-year Treasuries fell to 2.722%, down about 3 basis points from Tuesday’s close.
