By William L. Watts
NEW YORK (MarketWatch) -- The U.S. dollar USDJPY +0.6166% topped the 103 yen level for the first time since October 2007 after the University of Michigan/Thomson Reuters May consumer sentiment index . The dollar traded at 102.89 yen in recent action after hitting an intraday high of 103.09 yen, according to FactSet. The preliminary May sentiment index rose to 83.7 from 76.4 in April, beating a consensus forecast of 77.5 produced by a MarketWatch survey of economists. Also, the Conference Board's leading economic index rose a stronger-than-expected 0.6 point to 95.0 in April. The ICE dollar index DXY +0.52% , which measures the currency against a basket of six major rivals, extended a rise to trade at 84.285, its highest level since July 2010.
