The yen tumbled to a three-month low against the dollar on Thursday and a seven-week low against the Australian dollar, as bets against it mounted aided by concerns about Japan's economic outlook. >>
"A lot of the historical relationships seem to be breaking down for some of the yen crosses," said Adam Cole, global head of forex strategy at RBC Capital Markets. >>
The dollar hit a three-month high against a broadly weaker yen on Tuesday as investors continued to sell the Japanese currency on concerns over its ailing economy. >>
The U.S. vowed to prop up ailing banks if needed, but worries that yet more cash injections would fail to staunch the global economic crisis weighed on stock markets around the world. >>
