Dollar extends losses vs yen, hits fresh 2-month low

SINGAPORE Tue Feb 4, 2014 1:30am EST

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SINGAPORE Feb 4 (Reuters) - The dollar hit a fresh two-month low against the yen on Tuesday, as risk appetites remained fragile after a disappointing reading on U.S. manufacturing activity the previous day stirred concerns about the outlook for U.S. economic growth.

The dollar came under renewed pressure versus the yen as regional equities fell, with Japan's Nikkei share average shedding more than 4 percent on the day.

The dollar fell to as low as 100.755 yen on trading platform EBS, its lowest level against the Japanese currency since Nov. 21. The dollar last fetched 100.87 yen, down 0.1 percent on the day.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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