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The euro rose on Wednesday amid renewed optimism that Greece will reach a deal with its creditors while the yen hit a three-month high versus the US dollar for a third day, increasing speculation that Japan may step in to halt its rise.
The euro was up 0.9 percent at $1.3197, off an earlier low of $1.3023 using Reuters data and closer to the session peak of $1.3218. Traders said it extended gains after pushing through stop-loss orders at $1.3125 and $1.3150, moving it back towards the most recent six-week high around $1.3230.
The dollar fell to 76.00 yen using Reuters data and was last at 76.11, down 0.1 percent from the prior close and the fifth straight day of declines. The euro was up 0.8 percent at 100.45 yen, having dropped to 99.22, using Reuters data.

Copyright Reuters, 2012

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