The yen resumed its precipitous slide early Monday to hit fresh lows against a host of major currencies as reports the Bank of Japan would begin buying longer-dated bonds immediately underlined its determination to beat deflation. The U.S. dollar jumped a full yen in early Asian trading to hit 98.78 yen, the highest since June 2009. The euro climbed as far as 128.32 yen, its highest since January 2010. Dealers were impressed by a Nikkei report the central bank would this week buy 1.2 trillion yen of government bonds with a maturity of over five years, showing a sense of urgency alien to the BOJ of old. Analysts ... (full story)