The yen is +0.2% at 87.045 to the dollar after earlier falling to a 29-month low of 87.36,...

|By:, SA News Editor

The yen is +0.2% at 87.045 to the dollar after earlier falling to a 29-month low of 87.36, having tumbled yesterday following the passage of the fiscal cliff deal. Analysts reckon that that any yen strength is unlikely to last too long. "Technically, the dollar/yen looks somewhat overbought here," says StanChart's Callum Henderson. "It's gone a long way in a very short time."