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SINGAPORE, Dec 27 (Reuters) – The yen hit a two-year low
against the dollar on Thursday, reflecting expectations that the
new government of Prime Minister Shinzo Abe will push to weaken
Japan’s currency and implement aggressive stimulus.
The dollar rose as high as 85.78 yen on trading platform EBS
as of 0113 GMT, the greenback’s highest level since September
2010. The dollar last stood at 85.75 yen, up 0.2 percent
on the day.
