Reuters: US Dollar Report: Dollar rises 2 pct vs yen to 2-1/2-year 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 rises 2 pct vs yen to 2-1/2-year high Jan 24th 2013, 21:20 NEW YORK | Thu Jan 24, 2013 4:20pm EST NEW YORK Jan 24 (Reuters) - The U.S. dollar jumped 2 percent against the yen on Thursday to hit a 2-1/2-year high in late trade on Thursday. The dollar had risen as high as 90.54 yen on Reuters data. Gains accelerated after the dollar/yen broke above the previous 2-1/2-year high of 90.25 set on Monday. "The whole move today was a very sharp rebound" in dollar/yen," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington. "The latest leg this afternoon is just a continuation of that move." Esiner said the next key level in dollar/yen is 90.80. The yen tumbled across the board after an economic official in said the Japanese government has no problem with the dollar hitting 100 yen.

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