USD/JPY down to 98.40 after U.S. Vote

The dollar set a three-week high versus the yen on Thursday ahead of a pending vote in the U.S. House of Representatives that could bring Washington’s fiscal standoff to an end and avert the risk of a U.S. default.

The dollar held steady on the day at 98.79 yen after having touched a high of 99.01 yen, the greenback’s strongest level against the yen since late September.

Traders said earlier that dollar-selling interest had been strong at levels near 99.00 yen.  With the U.S. Senate having approved the deal to end the fiscal impasse, focus now is on a pending vote in the U.S. House of Representatives.


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