Euro falls to 9-mth low vs yen, dlr/yen at 1-mth low

By IBTimes Staff Reporter | January 21 2010 9:13 PM

TOKYO, Jan 22 (Reuters) - The euro fell to its lowest in nine months against the yen on Friday and the yen strengthened across the board as investors cut yen-funded risky trades after U.S. President Obama announced plans to limit risk-taking at banks.

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The euro fell as far as 126.55 yen, its weakest since late April, as the selling triggered stop loss orders.

The dollar dropped to 89.85 yen, its lowest since mid-December.

(Reporting by Satomi Noguchi)

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