TOKYO, Feb 10 (Reuters) - The euro fell over 1 percent against the yen and the dollar, weighed down by a report that Russia was to request negotiations with European and other foreign banks to postpone repayment of private sector debt.
The euro fell 1.2 percent to $1.2849 and 1.6 percent to 117.08 yen.
Traders said the report in Japan's Nikkei business daily had caused markets players to sell the euro. The report could not be immediately confirmed.
CNBC also reported that the United States had dropped a plan for a "bad bank" from its financial rescue package expected to be unveiled on Tuesday.
Some traders said the dropping of the "bad bank" scheme was no real surprise to the currency market but as the Nikkei stock average pared opening gains, the yen had strengthened.
Dollar/yen was 0.3 percent down at 91.16 yen
Russia will request negotiations with European and other foreign banks to postpone repayment on up to $400 billion of its private sector debt, the Nikkei said. (Reporting by Kaori Kaneko)