Dollar weakens as Japanese yen surges

Dollar weakens as Japanese yen surges

NEW ‍YORK, Nov 13 (Reuters) – ‌Japan’s yen rose sharply against‍ the dollar on Monday at a time when traders are on red alert ​for signs of currency intervention by Japanese‍ authorities.The dollar fell to 151.20⁢ yen ⁢after hitting a one-year high⁣ of⁣ 151.92 earlier in the session. It ⁣was last trading at 151.49.It was not immediately⁣ clear what caused⁣ the dramatic move.Japan intervened to boost the yen in September last year​ for the first time since the ⁢late 1990s⁢ when it weakened to 145.89 to the dollar.It ‍then ⁣stepped in ⁢again in mid-October 2022 after the ⁢currency weakened further to a 32-year low of 151.94.Our Standards: The Thomson Reuters Trust Principles. Acquire Licensing Rights, opens new tab

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