LONDON Dec 27 The euro extended gains to hit
its highest in nearly 17 months against the yen on Thursday as
speculators and investors sold the Japanese currency on
expectations of further aggressive monetary easing by the Bank
The euro was also higher against the dollar, trading
0.4 percent higher at $1.3280 on steady buying by macro funds
amid waning concerns about the euro zone debt crisis.
The euro rose 0.7 percent to 114 yen on trading
platform EBS, its highest level since August 4, 2011 when it hit
a peak of 114.16 yen.
The dollar was also trading near a two-year high
against the yen at 85.82 yen.