FOREX-Yen hits four-month low vs dollar on Kan comments

Posted: 07 Jan, 2010

The yen hit a four-month low against the dollar on Thursday after Japan's new finance minister said he wanted it to weaken more.

The U.S. dollar's rally against the yen helped boost the U.S. currency across the board, but gains were capped as traders braced for U.S. payrolls data due on Friday, which was seen providing stronger direction for currencies in the new year. >>