41. The yen fell after Sanyo Securities Co., a second-tier brokerage, declared bankruptcy Monday, heightening concern over the Japanese financial system. 42. The yen fell against the dollar, push down bond prices on concern foreign investors will abandon the yen bond market. 43. The yen fell against the U.S. dollar and the Australian dollar dropped to a four-year low. 44. The yen fell against the U.S. dollar and the Indonesian rupiah fell to a new low. 45. The yen fell as the Indonesian rupiah suffered its biggest one-day drop ever. 46. The yen fell because Japan is one of the largest net importers of oil and, unlike the U.S., does not produce oil itself. 47. The yen has fallen further in recent weeks against the dollar, but the Japanese currency has dropped even more substantially against the German D-mark. 48. The yen jumped Thursday after a top Japanese currency official suggested in a newspaper interview that the yen had fallen far enough. 49. Today was the first time he suggested the yen had fallen far enough, and many traders said the remarks signal a change in policy by Japan. 50. When the yen did not fall, they sold the dollars and bought back the yen. |