The dollar fell from a near nine-month high against the yen and dropped for the fifth straight day against the euro on Friday after a US report on inflation showed prices fell in November for the first time in six months, which should allow the Federal Reserve to stay on its ultra-easy monetary policy path.
The dollar fell 0.1 percent to 83.53 yen, having risen as high as 83.96, its highest since March 21. Still, it was not far from its March 2012 peak of 84.17, which is seen as a major resistance level. The euro had climbed to an eight-month high of 109.98 yen, and remains on track to end the week around 2.9 percent higher on the yen. But after the US inflation data, the euro fell and rose in volatile trade to last change hands at 109.68 yen, up 0.3 percent. Option barriers were reported at 110 yen. The euro was also on track for its biggest weekly gain against the dollar since the week ending November 25. It rose to a high of $1.3141, its highest since mid-September. It was last up 0.4 percent at $1.3132.
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