Yen weakens against dollar, as Aussie jumps

Yen weakens against dollar, as Aussie jumps

MarketWatch (28/2) – Hong Kong - The yen weakened Thursday as risk appetite saw a broad improvement in the wake of Federal Reserve Chairman Ben Bernanke’s testimony, while the Australian dollar rallied on better-than-expected data on capital spending. The dollar climbed to 92.4 yen by late afternoon in Tokyo from ¥92.18 in North America late in New York on Wednesday. The euro was buying ¥121.43. The yen’s drop coincided with solid gains in Japanese equity markets during the session, and came as Bernanke affirmed his commitment to the U.S. monetary stimulus. http://www.marketwatch.com/story/yen-weakens-against-dollar-as-aussie-jumps-2013-02-28?dist=markets