Dollar drops below 109 yen range in early trading

The dollar temporarily plunges below 109 yen in early trading in Tokyo on Jan. 12, following a 28-month low of 108.21 yen in New York overnight. The display at Tokyo Forex Co., a Tokyo-based foreign exchange brokerage, showed the U.S. currency momentarily marking 108.78 yen. However, the U.S. dollar bounced back sharply on short-covering, topping 111.42 yen at 11 a.m. ==Kyodo

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