The U.S. dollar tumbled to the 102 yen level Monday in Tokyo for the first time since January 2005.
At 5 p.m., the dollar fetched 102.68-70 yen against 103.68-78 yen in New York and 104.33-35 yen in Tokyo at 5 p.m. Friday.
The dollar hit a session low of 102.61 and a high of 103.63, trading most frequently at 103.05 yen.
Market watchers attributed the dollar's depreciation to mounting fears of a U.S. economic recession.
The euro traded at 1.5200-5202 dollars and 156.08-12 yen, against late Friday's quotes of 1.5174-5184 dollars and 157.41-51 yen in New York and 1.5231-5233 dollars and 158.91-95 yen in Tokyo.
Source:Xinhua
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