Reuters: US Dollar Report: Euro rises 1 pct vs yen, hits session high vs dollar

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

Euro rises 1 pct vs yen, hits session high vs dollar Dec 26th 2012, 15:07 NEW YORK | Wed Dec 26, 2012 10:07am EST NEW YORK Dec 26 (Reuters) - The euro rose more than one percent against the yen and hit session highs versus the dollar on Wednesday as selling of the Japanese currency accelerated in thin market conditions. There was no fundamental catalyst for the latest move in the euro as the trend of selling the yen continued on expectations of further Japanese monetary easing. Traders said gains in euro/yen carried over to other euro pairs, particularly euro/dollar. The euro rose as high as 113.13 yen, its highest since early August 2011. It last stood at 113.04, up 1.2 percent on the day. Against the dollar, the euro climbed to the day's peak at $1.3254. It last traded at $1.3251, up 0.5 percent.

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