Reuters: US Dollar Report: U.S. dollar hits more than two-year high vs yen

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

U.S. dollar hits more than two-year high vs yen Dec 26th 2012, 16:22 NEW YORK | Wed Dec 26, 2012 11:22am EST NEW YORK Dec 26 (Reuters) - The dollar surged to a more than two-year high against the yen on Wednesday after Japanese Finance Minister Taro Aso said the country's new prime minister has instructed him to undertake a stimulus plan without necessarily keeping previously agreed limits on new bond issuance. Japan's debt issuance cap has been set at 44 trillion yen. Analysts said Aso's comments were a green light to sell the yen further. The dollar hit a high of 85.70 yen, its strongest level since mid-September 2010. It last stood at 85.64 yen, up more than 1 percent on the day.

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