3rd December 2013
The dollar has reached its strongest level in six months versus the yen today (December 3rd), following the publication of stronger-than-expected data in the US yesterday.
In addition, Bank of Japan governor Haruhiko Kuroda has reaffirmed a commitment to a two per cent inflation target in the country, insisting further aggressive policy measures will be taken if necessary.
While Mr Kuroda has publicly stated the target will be achieved within the bank's two-year timeframe, several BoJ policymakers are reportedly concerned and favour introducing further stimulus in the near future.
This speculation follows US data showing the country's manufacturing sector expanded at its fastest pace since April 2011 last month, boosting sentiment among investors.
For the first time since October 2008, the euro has strengthened above 140 yen in forex trading markets today. The five-year-high was reached briefly and the European single-currency was trading 0.17 per cent higher for the session at 139.64 yen as of 09:50 GMT.
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