The U.S. dollar strengthened against the Japanese yen on Wednesday after Japan unexpectedly moved to weaken the yen.( B6 w) Q# p! h8 J
The dollar rose 3 percent against yen in New York, the biggest one-day gain versus the yen since the financial crisis.3 S, o2 A: e) F/ i) ^
The yen has hit a series of 15-year highs versus the dollar since August, as investors considered the currency as a safe haven.
3 p8 a- A4 i4 a0 h; M t, x The Bank of Japan sold yen and bought dollars directly in the marketplace after the dollar fell to 82.88 yen on Tuesday.
# {7 i; V6 ?' G( B; X; J: ^4 ]) } In late trading in New York, the dollar traded at 85.62 yen, up from 83.07 on Tuesday. w- \ ]: S; n% y# G# _+ M, w
The euro dipped to 1.3006 dollars from 1.3019 dollars, while the British pound rose to 1.5620 dollars from 1.5569 dollars. |