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Markets

Euro rises to 5-1/2 month high versus yen

Published Updated

 

The euro rose to 104.18 yen on EBS trading platform, its strongest since early May.

 

The gains came as the dollar rose to a fresh three-month high against the yen of 79.855 yen on EBS, with traders citing solid demand from a hedge fund. They reported stop loss buy orders above 79.90 yen just ahead of the psychological 80 yen level.

 

Copyright Reuters, 2012