Reuters: US Dollar Report: Dollar extends gains vs yen, hits 3-month high

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Dollar extends gains vs yen, hits 3-month high Oct 22nd 2012, 06:34 SINGAPORE | Mon Oct 22, 2012 2:34am EDT SINGAPORE Oct 22 (Reuters) - The dollar hit a three-month high against the yen on Monday, as the yen remained pressured by persistent speculation that the Bank of Japan may decide on more monetary stimulus at a policy meeting next week. The dollar climbed to as high as 79.680 yen on trading platform EBS, its highest level since mid-July, and last stood at 79.650 yen, up 0.4 percent from late U.S. trade on Friday. The dollar's rise gradually gained momentum after it breached resistance at its 200-day moving average near 79.44 yen earlier on Monday.

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