Dollar hits one-month high vs. yen as risk aversion subsides

Reuters, (2/9) - The dollar rose to a one-month high against the safe-haven yen on Monday as worries about a military strike against Syria diminished, while commodity currencies edged higher in the wake of upbeat Chinese data. The dollar was up 1.2 percent 99.38 yen, its highest since August 2 and pulling well away from last week's trough of 96.81 yen. The euro rose 1.2 percent to 1 1.27 yen. The yen, which tends to benefit in time of market turmoil, was recently buoyed as investors avoided risk on escalating tensions around Syria and dumped emerging market assets as they braced for the Federal Reserve to begin scaling back stimulus.