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

by on November 21, 2012 7:57 am BST

Wed Nov 21, 2012 2:57am EST

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.