Tuesday, January 29, 2008

Yen Rises on Concern Credit-Market Losses to Slow Global Growth

By Ronnie Harui and Kosuke Goto

Jan. 30 (Bloomberg) -- The yen gained against all 16 of the most-active currencies on speculation credit-market losses will prompt investors to sell higher-yielding assets.

The yen rose to 106.92 against the dollar at 9:54 a.m. in Tokyo from 107.11 late in New York yesterday. It also advanced to 157.85 from 158.27.

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