Yen Declines, Reversing Gain, as U.S. Stock Futures Advance

Jan. 21 (Bloomberg) -- The yen weakened, reversing a gain, on speculation an advance in U.S. stock futures will encourage investors to purchase higher-yielding assets funded in Japan’s currency.

The yen fell to 90.05 versus the dollar as of 11:14 a.m. in Tokyo from 89.76 late in New York yesterday. It earlier rose as high as 89.69. Japan’s currency dropped to 116.41 per euro from 115.85 late yesterday, after touching 115.30