Bitcoin close to overnight record high of 94,078
Sterling spikes briefly after strong inflation data
Dollaryen firms 0.7, reversing previous day39;s move

Nov 20 Reuters The U.S. dollar advanced on Wednesday, resuming its postelection rally after a threeday slide as investors awaited more clues on U.S. Presidentelect Donald Trump39;s proposed policies, while the Japanese yen slid as safehaven demand faded.

The previous day39;s boost to the dollar and other traditional safehaven currencies like the yen on geopolitical concerns proved shortlived, after Russia39;s foreign minister said the country would do everything possible to avoid the onset of nuclear war, hours after Moscow announced it would lower its threshold for a nuclear strike.

The RussiaUkraine fears have died back but the market will be sensitive to any fresh news on that front, said Jane Foley, head of FX strategy, at Rabobank in London.

The Japanese yen dropped to 155.815 against the greenback, retracing the previous day39;s gains. The yen39;s recent slide to a threemonth low upped bets of a likely hawkish shift at the Bank of Japan as it nears levels that drew intervention in July.

Foley said 155 was the dollaryen level that made markets nervous of intervention, adding that if there is the possibility that verbal intervention is having a significant impact in stabilizing the currency pair, then that is likely to deter the ministry of finance, at least for a while, from using actual intervention.

BOJ…