Yen rallies, hits 9-month high vs euro
LONDON, Jan 26 (Reuters) - The yen hit a nine-month high against the euro on Tuesday, rallying after a Japanese Finance Ministry official pledged fiscal discipline after ratings agency S&P downgraded its outlook on the country's sovereign rating.
Japan's deputy finance minister Yoshihiko Noda said on Tuesday the government will stick to fiscal discipline with a sense of crisis. [ID:nTKU105817]
The euro EURJPY=R fell more than 1 percent on the day to 125.96 yen according to Reuters data, its weakest since late April.
The dollar fell 0.9 percent to 89.39 yen, a level last hit in mid-December.
(Reporting by London Forex Team)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick