Wed, 08 Jan 2014 10:50:05 GMT
U.S. Dollar Strengthen to 5-Year High Versus Yen
The
greenback climbed for the second day versus the Yen, before the Fed releases minutes of the
meeting in December specifying the intensity of stimulus reduction. The Dollar
strengthened 0.4%
to 104.98 against the Yen in London at 8:23 a.m. after hitting 105.44
on January 2, the five-year high. After the last meeting in
December, the Fed decided to reduce its unprecedented monetary
stimulus from $85 billion a month to