U.S. dollar hits fresh 15-year low versus Japanese yen

The U.S. dollar fell to a fresh 15-year low against the Japanese yen ahead of a big leadership election in Japan and also struggled to claw back ground against the euro during Asian trading hours Tuesday.

The dollar touched 83.23 yen /quotes/comstock/21o!x:susdjpy (USDYEN 83.3100, -0.4000, -0.4778%) , the lowest level since later recovering slightly to ¥83.43 but still down from ¥83.66 in late North American trading on Monday.

The move came ahead of an election to decide the leader of the Democratic Party of Japan, with the winner widely expected to serve as the nation's prime minister.

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- Posted: 2010-09-13 22:05:26

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