Dollar advances to 9-month high in 146 yen range in New York

The U.S. dollar advanced to the 146 yen zone in New York on Wednesday, a range unseen since November, surpassing the level that prompted Japanese authorities to conduct a yen-buying and dollar-selling market intervention in September.The dollar was quoted at 146.30-40 yen at 5 p.m. Wednesday after briefly hitting 146.40 yen earlier in the day, compared with 145.36-38 yen late Wednesday in Tokyo.The Federal Reserve on Wednesday released the minutes of its policy-setting meeting in late July that showed participants were divided over the need for further monetary tightening.The minutes fueled…READ FULL ARTICLE