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2014-11-19 Wed 22:21
The U.S. dollar rose into the lower 117 yen range in Tokyo on Wednesday, hitting a high last seen in October 2007, as dollar-positive risk sentiment was underpinned by Prime Minister Shinzo Abe's announcement the previous night of a postponement in the next phase of the planned consumption tax hike.
At 5 p.m., the dollar fetched 117.36-38 yen compared with 116.80-90 yen in New York and 116.69-70 yen in Tokyo at 5 p.m. Tuesday. It moved between 116.83 yen and 117.44 yen during the day, changing hands most frequently at 117.10 yen.