CNBC: Euro briefly extends losses vs. dollar, dollar gains vs. yen
NEW YORK (Reuters) - The dollar climbed to a fresh session high against the yen on Tuesday and briefly extended gains against the euro after a Japanese Ministry of Finance official said there would be no G7 statement to follow a teleconference of G7 officials.
The G7 ministers and central bankers held the call to discuss the euro zone's worsening debt crisis, although the chances of a significant breakthrough had always looked slim.
The dollar's bounce against the yen came after Japan's Finance Minister Jun Azumi said a strong yen is damaging Japan's economy.
The dollar was last up 0.6 percent at 78.78 yen after climbing as high as 78.84 yen. The euro was down 0.4 percent at $1.2450 after falling to $1.2426 after the MOF comments with the session low earlier in the global session at $1.2409.
