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Dollar falls to mid-123 yen as Japan debt rating cut seen mild.

Publication: Japan Weekly Monitor
Publication Date: 03-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Nov. 28 Kyodo

The U.S. dollar weakened against the yen in Tokyo on Wednesday as a downgrading of Japanese government debt ratings by Standard & Poor's Corp. (S&P) the same day was milder than anticipated by the currency market.

At 5 p.m., the dollar was quoted at 123.57-59 yen, compared with Tuesday's 5 p.m. quotes of 123.90-124.00 yen in New...

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