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Yen falls across the board
REUTERS
London, Oct 13: The yen fell across the board, weakening beyond 107 per dollar, after the Bank of Japan said on Wednesday it would start outright buying of treasury and financing bills as a a new way of providing liquidity. While the central bank's policy board meeting decided to leave interest rates unchanged, its decision to use new methods to cap market interest rates boosted the dollar by a yen to 107.69/74 yen.It lifted the euro by a similar amount to one-month highs near 116. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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