LONDON Nov 21 The euro extended gains
against the Japanese yen on Wednesday to hit a 6-1/2 month high
on speculation of more monetary easing in Japan and as
politicians stepped up efforts to find a solution to the debt
crisis in Greece.
The euro rose to 105.235 yen, its highest level
since early May. Traders cited an option barrier at 105.50 yen.
The euro's gains against the yen helped it to pare losses
against the dollar. It was last trading at $1.2787 off a
session low of $.2736.
The Australian dollar also rose to a 7-1/2 month high
against the yen of 85.35 yen as the yen came under
broad selling pressure.