The dollar rose against the yen for the first time in five days – to Y89.06 from Y88.39 on Friday – after Fed chairman Ben Bernanke said the Fed is ready to tighten monetary policy once the economy improves, reports Bloomberg. The euro meanwhile advanced against the yen after the ECB’s Jean-Claude Trichet said the region’s economy is emerging from a period of “free fall,” damping demand for Japan’s currency as a refuge. The dollar was at Y89.06 on Friday in Tokyo.

This entry was posted by Gwen Robinson on Friday, October 9th, 2009 at 4:56 and is filed under Capital markets. Tagged with ben bernanke, Dollar, yen. Edit this entry.