Dollar Falls to Record Low Against Yen

By Jon E. Dougherty at 21 Oct 2011

(Newsroom America) -- The U.S. dollar has fallen to a record low against the yen, in the biggest daily decline since August.

The decline brought into fresh focus concerns about a previous official threat to weaken the Japanese currency, Reuters reported.

There had been talk that Japan may follow the Swiss National Bank's lead in putting a floor in dollar/yen, an action that had recently boosted the currency pair. But investors resumed buying yen when market speculation did not materialize, said the report.

The dollar fell as low as 75.78 yen on trading platform EBS , surpassing a previous record low of 75.941 in August.

The euro, meanwhile, fell against other currencies but did manage to rally against the dollar.

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