- The dollar rose above ¥125 yen on Tuesday for the first time since late 2002 after a survey showed a pick up in construction spending and manufacturing, holding views steady that the Fed will begin to hike interest rates by the end of the year.
- With the yen at a 12-1/2 year low, Japan's Prime Minister Shinzo Abe and central bank chief Haruhiko Kuroda met today to discuss the global economy.
- Eyes are also on the the Nikkei share average, which could extend a rally for a 13th straight day to match its record stretch in 1988.
- The dollar is -0.1% at ¥124.63, after touching a low of ¥125.07.
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