The yen fell after Nikkei reported Japanese Prime Minister Yukio Hatoyama as saying the currency’s strength can’t be left as is. The yen dropped 0.6 percent to 87.17 to the dollar as of 7:31 a.m. in London. It declined 0.5 percent to 131.43 per euro.
The yen slid against all 16 of its most-traded peers, including the Australian dollar. Hatoyama made the comment in a speech to former lawmakers in Tokyo, the Nikkei newspaper said on its English news service. The so-called Aussie rose as gold climbed to a record. Australia’s dollar advanced 0.7 percent to 80.71 yen and was little changed at 92.52 U.S. cents.
The dollar traded near its lowest level in almost 16 months versus the euro and was little changed at $1.5077, after earlier trading as weak as $1.5103.
Gold rose to a record for a second day, advancing to $1,215.85 an ounce.
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