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Dollar rises to 7-1/2 month high vs the yen
November 21, 2012 / 8:01 AM / 5 years ago

Dollar rises to 7-1/2 month high vs the yen

The dollar extended gains against the Japanese yen on Wednesday, to hit a 7-1/2 month high after Japan exports fell for a fifth month running in October, adding to recession worries and speculation of more monetary easing.

The dollar rose to 82.12 yen its highest since early April and breaking past a reported option barrier at 82 yen. Traders cited more stop-loss buy orders above 82.15 yen.

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