Yen Falls to 5-Week Lows on Oil Worries
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The yen fell to five-week lows against  the euro and the dollar on Thursday as steep oil prices weighed  on Asian stock markets and dragged the region's currencies  lower.
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The yen edged lower on Thursday, erasing  some gains made the previous day on speculation that China may  soon change its currency policy.
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Oil prices fell to their lowest in five   months before steadying on Thursday, pausing from a three-day   decline as dealers zeroed in on healthy U.S. inventories   heading into the mild autumn demand season.
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A sharp fall in oil prices boosted European stock markets and energy import-dependent Japan&#39;s yen on Thursday, but depressed government bonds as investors factored in a rosier economic outlook.
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The yen edged up against the dollar on  Thursday on lower oil prices, but gains were stemmed as  investors refrained from taking fresh positions ahead of the  Bank of Japan's corporate sentiment survey due on Friday.
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The Nikkei share average was down 1  percent in early trading on Friday, with investors taking their  cue from the Dow Jones industrial average, which fell to its  lowest close in five weeks on concern about high oil prices.
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Oil prices slid to a five-week low on Friday, continuing a downturn that has slashed almost 13 percent from record highs as rising stockpiles have eased worries of a winter supply crunch.
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U.S. blue-chip stocks fell  on Thursday to nearly a five-week low as crude oil flirted with last month's record high and a key gauge of future economic activity fell for a third straight month.
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The yen eased against the dollar on  Friday, failing to hold gains made on a stronger-than-expected  reading for the Bank of Japan's "tankan" survey of business  sentiment.
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Tokyo stocks slid Monday to a five-and-a-half week low as concerns about rising oil prices sent the Tokyo stock market&#39;s main index to its seventh consecutive decline.
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WASHINGTON -- Oil prices fell to a five-month low yesterday amid easing gasoline demand and growing doubts among some traders that Iran will pull supplies off the market.
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Tokyo's Nikkei average fell 0.4 percent to a six-week closing low on Tuesday, marking an eight-day losing streak, after oil prices topped &#36;50 a barrel, fanning concern over the business outlook for Japanese companies.
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The dollar hit six-week highs against  the yen on Monday, with rising  oil prices hurting the Japanese  currency due to worries about their effect on Japan's  import-dependent economy.
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The yen eased against the dollar on Friday, failing to hold gains made on a stronger-than-expected reading for the Bank of Japan&#39;s &quot;tankan&quot; survey of business sentiment.
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The yen touched an 18-month low against  the euro on Monday, slipping with emerging Asian currencies as  traders tried to assess the economic fallout from tsunami waves  that devastated parts of Asia the previous day.
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The yen pulled back from a one-week high against the dollar on Wednesday and lost ground across the board as stability returned to the world&#39;s stock markets.
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The yen trimmed losses made against the  dollar earlier on Thursday, but gains were limited as investors  refrained from taking fresh positions ahead of the Bank of  Japan's quarterly survey of corporate sentiment.