Yen on defensive on US fiscal worry, helps Nikkei

By Chikako Mogi

TOKYO |
Tue Dec 25, 2012 12:52am EST

TOKYO (Reuters) – Uncertainty over either U.S. lawmakers will strike a understanding by an end-of-year deadline to avert a serious mercantile retrenchment undermined a yen and bolstered Japanese shares on Tuesday in low volume, with many participants divided on Christmas holiday.

The dollar rose to a 20-month high of 84.965 yen early on Tuesday in Asia, as Japanese markets held adult with tellurian investors who had reacted overnight to incoming Japanese Prime Minister Shinzo Abe’s weekend comments that lifted a vigour on a Bank of Japan.

During a assembly on Tuesday with officials

Read full article: http://www.eweek.com/pc-hardware/ipad-retina-display-macbooks-part-of-apple-black-friday-sale/

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Source:
http://www.news.ezonearticle.com/2012/12/25/yen-on-defensive-on-us-fiscal-worry-helps-nikkei/