Forex News: The dollar surged to fresh intraday highs vs the yen and euro as Fed's Bernanke answered a Congressman's question on currency market intervention, but that may be more coincidence than cause and effect, say analysts. The real driver behind the dollar's gain is the drop in oil prices which is spurring a stock market rally. Regarding intervention, Bernanke reiterated long-standing US policy and there was nothing new in his answer. Certainly Bernanke didn't hurt the dollar, but doubtful if he gave it much aid, according to traders. EUR/USD at 1.5834 from a fresh intraday low at 1.5817 and from 1.5899 late Tues. USD/JPY at 104.97 from an intraday peak at 104.99 and from 104.74 late a day ago, while EUR/JPY was at 166.04 from 166.56, according to EBS.
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