Yen hits 7-mth low on likely next govt’s calls for easing

The yen hit a seven-month low against the dollar on Monday, hurt by expectations that a new Japanese government will push the Bank of Japan into taking aggressive monetary stimulus measures to boost economic growth.

The dollar rose to as high as 81.59 yen on trading platform EBS, its highest level since April 25, and last traded at 81.23 yen, down 0.2 per cent from late U.S. trade on Friday.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1086028/yen-hits-7-mth-low-likely-next-govts-calls-easing