Reuters: US Dollar Report: Euro hits 3-1/2 year high versus yen

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Euro hits 3-1/2 year high versus yen Sep 19th 2013, 08:05 LONDON, Sept 19 | Thu Sep 19, 2013 4:05am EDT LONDON, Sept 19 (Reuters) - The euro rose to a 3-1/2 year high against the yen on Thursday, as the safe-haven Japanese currency came under fresh downward pressure as riskier assets and currencies rallied. Stocks, commodities and higher-yielding currencies all rose after the Federal Reserve maintained its $85 billion monthly asset-buying programme, confounding expectations of a reduction by roughly $10 billion. The euro rose to 133.985 yen on trading platform EBS, its highest level since early January 2010, and up 1.15 percent on the day. The dollar was also up 1 percent against the yen at 98.85 yen, recovering from Wednesday's three-week low of 97.76 yen.

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