Dollar rises above 104.49 yen to hit 7 month high

TOKYO: The dollar hit a seven-month peak against the yen on Tuesday, helped by expectations for further gains for the currency on diverging monetary policy paths. T

he dollar rose to as high as 104.64, highest since late-January, with gains by Tokyo shares denting the safe-haven appeal of the yen.

The greenback has recently appreciated against its peers such as the euro, which has hit one-year lows versus its US counterpart on expectations for further easing by the European Central Bank.