Tokyo, 19 April, /AJMEDIA
The Japanese yen fell to the 127 line against the U.S. dollar in New York on Monday, marking a nearly 20-year low as it continued to draw selling on the prospect of a widening policy gap between the Bank of Japan and the U.S. Federal Reserve.
At 9 a.m. Tuesday in Tokyo, the dollar fetched 127.14-17 yen, its highest level since May 2002, compared with 126.93-127.03 yen in New York and 126.63-65 yen in Tokyo at 5 p.m. Monday.
The euro was quoted at $1.0778-0782 and 137.01-11 yen against $1.0776-0786 and 136.87-97 yen in New York and $1.0790-0792 and 136.64-68 yen in Tokyo late Monday afternoon.
