Yen extends losses to hit 7-1/2 month low versus dollar

by on November 22, 2012 8:38 am BST

Thu Nov 22, 2012 3:38am EST

Nov 22 (Reuters) – The yen fell to a 7-1/2 month low
against the dollar on Thursday pressured by growing speculation
that the Bank of Japan would aggressively ease monetary policy
in coming months.

The yen also dropped to a 7-1/2 month low against the
high-yielding Australian dollar with the Aussie also bolstered
by decent Chinese data.

The dollar rose to 82.745 yen, its highest level
since April 4 and up 0.25 percent on the day.

The Aussie rose to 85.85 yen.