LONDON: The dollar rose more than 1 percent against the yen on Tuesday and pulled away from seven-month lows as investor risk aversion showed signs of easing, but the outlook remained clouded by worries about slowing Chinese growth.
The dollar rose to as high as 120.10 yen, up about 1.4 percent on the day. That marked a gain of 3.4 percent from Monday’s seven-month low of 116.15 yen.
The dollar last traded at 119.92 yen, up 1.3 percent from late U.S. trading on Monday.
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