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FOREX-Yen hits 7-mth low vs dlr; euro outlook cautious

Posted by Forexsq 89 days ago (http://www.reuters.com)
img The yen hit a seven-month low against the dollar on Wednesday and looked set to stay under pressure after recent monetary easing in Japan, while the euro struggled against the greenback as markets assessed implications of Greece's bailout deal.

The dollar hit a peak of 80.37 yen, its highest level since mid-July, with traders citing buying by Japanese importers and offshore players. This took it beyond highs hit in October and August after Japanese authorities took steps to curb yen gains.

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