Dollar extends gains versus yen, hits session high
NEW YORK Nov 16 (Reuters) - The U.S. dollar extended gains against the Japanese yen on Friday to hit a session high, putting the greenback on track for its best weekly performance since mid-February on expectations the Bank of Japan will be more aggressive in policy easing.
The dollar rose as high as 81.29 yen. It last traded at 81.26, up 0.2 percent on the day, according to Reuters data.
The dollar strengthened more than 2 percent during the previous two sessions, its biggest two-day rally since October 2011. Japanese Prime Minister Yoshihiko Noda paved the way for a snap election on Dec. 16. The lower house of parliament was dissolved on Friday.
- Tweet this
- Share this
- Digg this
- UPDATE 3-Turkish president rejects Facebook, YouTube ban over wiretaps
- Exclusive - Pimco's Gross declares El-Erian is 'trying to undermine me'
- UPDATE 1-"Everything is fine", Pistorius told guard after shooting girlfriend
- CEO in apparent suicide was bitcoin fan, had other issues, too
- Kejriwal takes aim at Modi's economic model
Sahara’s investment programmes include schemes that are similar to a typical Indian bank’s fixed or recurring deposits. But the arrest of the company's chief Subrata Roy last week and the court case over an outlawed bond scheme are raising fears among some investors who worry they will not get their money back. Full Article