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Dollar rises 1 percent vs yen, hits session high
June 18, 2013 / 12:32 PM / 4 years ago

Dollar rises 1 percent vs yen, hits session high

NEW YORK, June 18 (Reuters) - The dollar extended its gains versus the yen to hit a session high in early New York trade on Tuesday on hopes Federal Reserve Chairman Ben Bernanke will soothe market fears of a scale back in central bank stimulus.

The dollar rose as high as 95.47 yen, according to Reuters data, and was last at 95.45 yen, up 1 percent on the day.

The Fed concludes its two-day meeting on Wednesday, which will be followed by a press conference by Bernanke.

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