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Summary Dollar rose against Japanese yen as Bank of Japan hinted to increase its stimulus programme.
The dollar is at a three-month high against the Japanese yen after the Bank of Japan said it would increase its stimulus programme.The dollar rose to 78.46 yen in midday trading Tuesday, its highest point since Nov. 1. The dollar was worth 77.61 yen late Monday. The Bank of Japan said it would buy more government bonds while keeping short-term interest rates close to zero to boost the countrys economy.The dollar is also rising against the euro after Moodys Investors Service downgraded the ratings of Italy, Portugal and Spain, while France, Britain and Austria kept their top credit scores but had their outlooks dropped to negative from stable.The euro is down to $1.3135 from $1.3202 late Monday.
