2014.11.2000:49:31UTC+00US dollar climbs to 7-year peaks against Japanese yen

The US dollar ascended to seven-year highs versus the Japanese yen Wednesday following the minutes of the Federal Reserve’s meeting gave no big surprises to make investors change their speculations the US economy would keep strengthening.

Policymakers deliberated whether to accept financial market volatility and a devitalizing global economy in their statement last month, but opted not to.

"The market is still bullish on the dollar and is looking for dips to buy. The minutes themselves are pretty neutral, it shouldn't change anyone's mind," said Greg Anderson, Global Head of FX Strategy for BMO Capital Markets.

Against the Japanese yen, the greenback climbed to ¥118. It also traded at $1.2539 to the euro.

Firm housing data was also backing the greenback. US housing permits escalated close to 6 ½ year peak in October.