" you can't consume more than you produce "
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Dollar rises to 7-month high versus yen
The dollar rose to a 7-month high versus a broadly weaker yen on Wednesday as the Japanese currency came under pressure in the wake of dovish comments on the currency from a Japanese official and recent monetary easing measures from the Bank of Japan. The dollar rose to 80.30 yen on trading platform EBS, its highest since mid-July 2011, to trade with gains of around 0.5 percent for the day. Traders said stop-loss dollar buy orders above the August post-intervention high of 80.25 yen were hit, adding Japanese exporters were keen to sell into the dollar's rally.