Dollar Falls Sharply in Asian Trading

Monday April 17, 5:35 am ET Dollar Falls Sharply Against the Euro and Yen in Asian Trading TOKYO (AP) -- The dollar fell sharply against the euro and yen in Asia Monday on a media report suggesting that China might reduce its purchases of U.S. Treasury holdings, and amid speculation that U.S. interest rates may have peaked

The U.S. dollar fell as low as 118 yen at one point before trading at 118.28 yen in Tokyo midafternoon, down 0.36 yen from late Friday in New York. The euro rose to $1.2178 from US$1.2108..