Traders in Tokyo have the jitters over a budget proposal that will be unveiled tomorrow, causing a drop of the U.S. dollar against the Japanese yen.
Jiji Press reported:
Tokyo, May 22 (Jiji Press)--The dollar fell to around 111.30 yen in Tokyo late Monday, in a jittery mood ahead of the release of a U.S. budget proposal on Tuesday.
At 5 p.m., the dollar stood at 111.29-30 yen, down from 111.46-46 yen at the same time Friday.
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