Euro slides versus dollar and yen

THE EURO slipped against the dollar and yen in very light US trading yesterday, falling to a low of $1.0077 before finding support near $1.0090.

The yen pressed to session high against the dollar, but fears that the Bank of Japan would intervene to curb yen strength - as it did on Friday - capped the currency at 103 per euro and 102 per dollar.

The yen's firmer profile came despite the Bank of Japan's decision to leave a 9.1 trillion yen net surplus in the Japanese money market, more than double Monday's 4.5 trillion yen, which itself was a record.