MW: Dollar lower vs yen; Japan's intervention not seen
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar declined versus the Japanese yen and was little changed against the euro on Monday, as Japan's currency gained broadly after key policy makers held a much anticipated discussion but didn't discuss intervening in currency markets to slow the yen's strength. "The yen is mostly firmer today as policy-makers did not talk about foreign-exchange intervention," said strategists at Brown Brothers Harriman. Versus the Japanese currency, the dollar declined to ¥85.19, compared to ¥85.69 in late North American trading on Friday. The dollar index (DXY 82.98, -0.08, -0.09%) , a measure of the U.S. unit against a basket of rivals, slipped to 82.974 from 83.049. The euro (EURUSD 1.2701, +0.0001, +0.0079%) was little changed at $1.2705 from $1.2711 Friday. Versus the yen, the euro (EURYEN 108.1900, -0.5700, -0.5241%) sunk to ¥108.25 from ¥108.89 Friday.
