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  Economics
Dollar falls to 15-month low of JPY 106 level in Tokyo
14/02/2018 | LOC12:15
09:15 GMT
| World News
تصغير الخطالشكل الأساسيتكبير الخط
TOKYO, Feb 14 (KUNA) -- The US dollar fell to a 15-month low against the Japanese yen into the upper 106 yen range on Wednesday in Tokyo due to persistent concern over recent fluctuation in global stock markets.
At 6 p.m. (0900 GMT), the greenback traded at JPY 107.45-46 compared with JPY 107.77-87 in New York and JPY 107.75-76 in Tokyo at 5 p.m. Tuesday. The dollar slid to JPY 106.84 at one point in the afternoon, its lowest level since November 14, 2016.
Investors flocked to the yen on risk aversion as concerns over the recent stock market slump continued.
The stronger yen boosted sell orders for export-related shares in the Japanese stock markets, sending the benchmark index to extend its losing streak for a third straight session.
The Nikkei 225 Stock Average on the Tokyo Stock Exchange lost 90.51 points, or 0.43 percent, from Tuesday at 21,154.17, its lowest close since Oct. 12. (end).
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