Forex: USD/JPY rises to 29-month high
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USD/JPY
FXstreet.com (Córdoba) - The has dollar continued to push higher versus the yen and recently hit its highest in 29 months amid upbeat headlines regarding fiscal cliff negotiations. Democratic Senator Baucus said they are getting close to an agreement.
USDJPY extended gains and hit its highest since early August 2010 at 86.65. At time of writing, USDJPY is trading at the 84.60 zone, up 0.6% on the day.
Despite having fallen to a low of 76.02 back in January, USDJPY is set to close 2012 with a net gain of 12.65% to the delight of the BoJ that has expressed its intention to weaken the yen.
USDJPY extended gains and hit its highest since early August 2010 at 86.65. At time of writing, USDJPY is trading at the 84.60 zone, up 0.6% on the day.
Despite having fallen to a low of 76.02 back in January, USDJPY is set to close 2012 with a net gain of 12.65% to the delight of the BoJ that has expressed its intention to weaken the yen.
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