NEW YORK (Dow Jones)--The yen sell-off continues to gain momentum into the New York morning after a stronger-than-expected U.S. payrolls report.
The dollar advanced to a seven-week high of Y97.29, two full yen above its intraday low. The euro also rallied to a two-month high, Y138.60.
The payrolls data is bolstering risk appetite, leading traders to use the safe-haven yen to fund bets in higher-yielding currencies.
At the same time, the euro is selling off against the dollar, reversing Monday's sharp rally, when it gained from an intraday low of $1.4206 to a 2009-high of $1.4445. The euro recently fell
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