Euro hits 2-mth high vs yen

By IBTimes Staff Reporter | July 28 2010 2:42 AM

The euro hit a two-month high against the yen on Wednesday as the resilience of the euro zone economy and solid European bank earnings released the previous day helped boost investor risk appetite.

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The euro inched up 0.2 percent to 114.49 yen EURJPY=R, its highest since mid-May.

Against the dollar, the euro was up 0.2 percent at $1.3021 EUR=, hovering near an 11-week high of $1.3047 struck on Tuesday.

(Reporting by Rika Otsuka)

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