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Yen Keeps Sliding, 'Cliff' Nears

The yen hit its lowest level in more than two years on expectations of more aggressive monetary stimulus. [CNBC]

With U.S. lawmakers preparing to resume negotiations to avoid the 'fiscal cliff,' the euro edged higher. [Reuters]

Technical resistance kept the euro's strength limited ahead of the release of new U.S. economic reports. [fxstreet.com]

Worries about the ongoing wrangling in Washington sent the Australian dollar lower. [WSJ]

The Treasury Department announced steps aimed at buying time to allow Congress to raise the debt ceiling. [CNBC]

Brazil's central bank continued selling dollar credit lines to bolster the real, which duly strengthened. [WSJ]

CNBC