Bloomberg News

Yen Plunges Versus Dollar, Euro as Japan Confirms Intervention

October 30, 2011

Oct. 31 (Bloomberg) -- The yen plunged against the dollar and euro after Japan intervened in markets to weaken its currency.

The yen sank 3.5 percent to 78.61 per dollar as of 10:48 a.m. in Tokyo. It lost 3.2 percent to 110.87 per euro.

Japanese Finance Minister Jun Azumi said today the government intervened unilaterally to weaken the yen.

--Editors: Rocky Swift, Jonathan Annells

To contact the reporter on this story: Rocky Swift in Tokyo at rswift5@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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