NEW YORK Feb 20 The dollar edged higher against
the yen on Wednesday as U.S. data showed an overall improvement
in the housing market.
The Commerce Department's report showed a decline in housing
starts last month, but this was due to the more volatile
multi-family component. Meanwhile, starts for single-family
units, representing two-thirds of the total, rose to their
highest since July 2008.
The dollar rose as high as 93.67 yen and was last at
93.65 yen, slightly higher on the day.
The euro also saw a quick 10-tick rise versus the dollar
following the data, suggesting traders putting a bit more risk
on the table.