(Reuters) - The dollar held near a 4-½ year high against the yen, buoyed by U.S. figures showing strong retail sales in May and a Federal Reserve report suggesting wage pressures had not increased.
"Investors are thinking the economy is doing well as the stock market has calmed down and they see few signs of inflation," says Koji Fukaya, senior currency strategist at Deutsche Bank in Tokyo. "Unless this trend collapses, the dollar will stay firm."
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"Investors are thinking the economy is doing well as the stock market has calmed down and they see few signs of inflation," says Koji Fukaya, senior currency strategist at Deutsche Bank in Tokyo. "Unless this trend collapses, the dollar will stay firm."
Read more at Reuters.com Hot Stocks News
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