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Yen mixed amid easing speculation

TOKYO--The yen was mixed against the dollar and euro in Asian trade Wednesday as investors speculated over possible monetary easing measures by the Bank of Japan.

The dollar was at 78.22 yen in the afternoon, against 78.15 yen in New York late Tuesday. The euro bought US$1.2903 and 100.92 yen against US$1.2920 and 100.96 yen.

The dollar has drifted higher above the 78.00 mark despite a steadiness in U.S. Treasury yields, noted Barclays Bank chief strategist Masafumi Yamamoto.

The dollar was mixed against other Asia-Pacific currencies, falling to 52.27 Indian rupees from 52.46 rupees on Tuesday, to 9,580 Indonesian rupiah from 9,590 rupiah, to 41.63 Philippine pesos from 41.83 pesos and to 30.72 Thai baht from 30.74 baht.

It rose to SG$1.2324 from SG$1.2275 and to 1,115.00 South Korea won from 1,112.68 won. The Australian dollar fell to US$1.0218 from US$1.0369.

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