Japanese yen rallies to a 14-year high of 86.29 versus U.S. currency - Nov 26

26 November 2009 @ 12:00 pm EDT

The greenback tumbled against the Japanese yen to as low as 86.29, the weakest since July 1995, after penetrating the key daily support at 87.10 (Jan 09' low) on speculation Japanese monetary authorities will tolerate further appreciation of the currency. Euro, aussie and sterling fell sharply versus the Japanese yen from 132.23 to 129.52, from 81.47 to 78.80 and from 146.22 to 142.60 respectively.

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