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TOKYO, April 16: The yen was higher against the dollar in late Tokyo trading Tuesday on exporter-demand as investors dismissed a move by Standard and Poor’s (S and P) to cut Japan’s credit rating by one notch, dealers said.
The dollar traded at 131.59-62 yen against 131.97-132.01 yen in New York and 131.61-63 yen in Tokyo late Monday.
The greenback fell to 43.435 Thai baht from 43.495, 1.8352 Singapore dollars from 1.8358, 34.9770 Taiwan dollars from 34.9865 and 1,325.20 South Korean won from 1,329.34.—AFP
