Dollar at bottom, yen still to drop -China fund official

BEIJING | Mon Jan 11, 2010 9:17pm EST

BEIJING Jan 12 (Reuters) - The dollar has hit bottom and has limited room to fall further, Peng Junming, an official in the asset allocation department of China International Corp, the country's $300 billion sovereign wealth fund, said on Tuesday.

Peng took a more pessimistic view of the yen JPY=, saying it would continue to drop as carry trades funded in the Japanese currency increased. (Reporting by Aileen Wang and Simon Rabinovitch; Editing by Ken Wills)

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