Dollar drops below 109 yen range in early trading

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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