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FOREX-Euro briefly extends losses vs dollar, dollar gains vs yen
June 5, 2012 / 1:11 PM / 5 years ago

FOREX-Euro briefly extends losses vs dollar, dollar gains vs yen

NEW YORK, June 5 (Reuters) - The dollar climbed to a fresh session high against the yen o n Tuesday and briefly extended gains against the euro after a Japanese Ministry of Finance official said there would be no G7 statement to follow a teleconference of G7 officials..

The G7 ministers and central bankers held the call to discuss the euro zone’s worsening debt crisis, although the chances of a significant breakthrough had always looked slim.

The dollar’s bounce against the yen came after Japan’s Finance Minister Jun Azumi said a strong yen is damaging Japan’s economy.

The dollar was last up 0.6 percent at 78.78 yen after climbing as high as 78.84 yen. The euro was down 0.4 percent at $1.2450 after falling to $1.2426 after the MOF comments with the session low earlier in the global session at $1.2409. (Reporting By Nick Olivari)

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