Reuters: US Dollar Report: Dollar hits session high vs yen after Spain bank test result

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Dollar hits session high vs yen after Spain bank test result Sep 28th 2012, 16:39 NEW YORK, Sept 28 | Fri Sep 28, 2012 12:39pm EDT NEW YORK, Sept 28 (Reuters) - The dollar extended gains against the Japanese yen on Friday after news of Spain's bank stress test emerged. Spain's banks would need 59.3 billion euros ($76.3 billion) in extra capital to ride out a serious economic downturn, an independent audit of the country's 14 main banks by consultancy Oliver Wyman showed on Friday. The dollar hit a session high of 77.96 and last traded at 77.90, up 0.4 percent on the day, according to Reuters data.

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