Forex Breaking News – Dollar hits new record low against yen

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Dollar hit a new record low against yen, falling to 75.70 at 10:03GMT, breaking past yesterday’s low of 75.73.

Investors selling off the US dollar on speculation that the Federal Reserve will opt for more monetary easing. Also demand for the safe haven yen is up ahead of the EU Summit today. So far the Bank of Japan has not shown any sign of intervening to curb the yen strength despite recent warnings by BOJ Governor Azumi.