P522ORACLE 522 Mon10 Feb C4 1711:24
DOLLAR DIPS SHARPLY
AGAINST YEN
The dollar fell sharply on Asian and
European currency markets, sliding to
its lowest level in more than seven
years against the yen.
Dealers said Washington's frequently
expressed wish for a lower dollar to
boost exports and curb the US trade
deficit helped steer the dollar lower.
In European trading it went below the
psychologically important 190 yen
barrier to a 187.75, its lowest since
1978, before recovering to 188.25
Dealers said it was likely to fall
still further this week.
* HOLIDAYS GALORE!! * 580