Dollar briefly rises to upper 147 yen zone, 32-year high

The U.S. dollar rose briefly to the upper 147 yen range Thursday morning in New York, hitting its highest level in over 32 years following the release of data showing slightly higher-than-expected U.S. inflation.In view of the consumer price index, many investors anticipated that U.S. interest rates will keep rising to fight inflation and decided to sell the Japanese currency as it brings relatively low returns under the country's monetary easing policy, analysts say.The U.S. currency briefly rose to 147.66 yen, a level unseen since August 1990 after the Labor Department said the same day t…READ FULL ARTICLE