2010.09.1323:52:00UTC+00Yen Slightly Off Fresh 15-year High Against Dollar And 1-week High Against Pound

The yen that surged up in early Tuesday Asian deals against other major currencies eased after 8:50 pm ET. The yen thus moved off slightly from a fresh 15-year high against the dollar and a 1-week high against the pound.

The yen is currently worth 83.47 against the dollar, compared to a new 15-year high of 83.26 hit at 8:50 pm ET.

The yen that traded at a 1-week high of 128.09 against the pound at 8:50 pm ET is now worth 128.61.

At present, the yen is worth 82.90 against the franc and 107.50 against the euro, compared to recent highs of 82.61 and 107.0, respectively.

Investors are awaiting for the outcome of the vote by Democratic Party of Japan members for their party president. Prime Minister Naoto Kan is facing off with political heavyweight Ichiro Ozawa for Japan's top post, with media reports suggesting the race is too close to call, though some reports give Mr. Kan a slight edge.

The results are expected after the Tokyo stock market shuts Tuesday.

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