FOREX-Dollar hits new 34-year peak against yen on higher US rate outlook [Yahoo! Finance]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Yahoo! Finance
Easing Mideast tensions temper dollar's gains Focus on U.S. GDP, inflation numbers. (Adds new comment, byline, bullets, updates prices) By Gertrude Chavez-Dreyfuss and Alden Bentley NEW YORK, April 22 (Reuters) - The U.S. dollar hit a fresh 34-year high against the yen in subdued trade on Monday, with market participants taking their cue from the Federal Reserve's higher-for-longer interest rate stance, even as they remained alert to any signs of intervention by Japanese authorities to prop up the struggling yen. The dollar hit a fresh 34-year high of 154.85 yen versus the Japanese currency and was last up 0.1% at 154.81 yen, a whisker away from the 155-level that is next on traders' radars for possible intervention. The yen hit its fresh lows ahead of the Bank of Japan's (BOJ) policy review on Friday. Market players have been largely aware that Japan has refrained from intervening in the market despite the yen hitting several 34-year lows this year. "I think that the
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