The
yen strengthened the most in two weeks against the dollar as oil prices
slumped to a five-year low, feeding demand for haven assets.
The
yen appreciated 1 percent to 119.48 per dollar as of 5 p.m. New York
time after adding as much as 1.5 percent, the biggest gain since Dec.
16. It advanced 1 percent to 145.25 versus the euro. The 18-nation
common currency traded at $1.2156 after falling to $1.2124, the weakest
since July 2012. The Aussie slid as much as 0.2 percent to NZ$1.0422.
The
Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10
trading partners, dropped 0.4 percent to 1,128.69. It closed at 1,133.13
on Dec. 23, the highest since March 2009, and is up 11 percent this
year.
West
Texas Intermediate crude for February delivery slid as much as 91 cents
to $52.70 a barrel in New York, the lowest since May 2009, before
trading at $53.89.
Source : Bloomberg
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