Dollar hits nearly 10-month low of 116.40 yen

Dollar hits nearly 10-month low of 116.40 yen

TOKYO, Japan - The sign board at Tokyo foreign exchange brokerage Toforexueda indicates the U.S. dollar fell to nearly 10-month lows against the yen on May 8 on persistent selling against the Japanese currency. Dollar-selling accelerated after the U.S. Federal Reserve's Federal Open Market Committee (FOMC) signaled a readiness to ease its monetary grip if the economy deteriorates despite the end of combat in Iraq. (Kyodo)

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