Honda changes 03/04 dollar assumption to 114 yen

Newswire

TOKYO, Jan 30 (Reuters) - Honda Motor Co , Japan's second-biggest auto maker, said on Friday it now assumes a dollar transaction rate of 114 yen for the business year to March 31, down slightly from the original 115 yen. In late October Honda had set an average dollar rate of 110 yen for the six months to March, but the U.S. currency has since fallen to around 106 yen. It now expects the euro to average 129 yen for the full year, instead of 127 yen.

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