The U.S. dollar strengthened against the Japanese yen on Wednesday after Japan unexpectedly moved to weaken the yen.
5 D. M1 H/ q! \) j The dollar rose 3 percent against yen in New York, the biggest one-day gain versus the yen since the financial crisis.
9 Y7 v1 c- G- G) g) w The yen has hit a series of 15-year highs versus the dollar since August, as investors considered the currency as a safe haven.
; H% b* z8 H. Y! m- ~ The Bank of Japan sold yen and bought dollars directly in the marketplace after the dollar fell to 82.88 yen on Tuesday.
3 s; F, n8 d* B4 m8 q. N( j9 ]* @ In late trading in New York, the dollar traded at 85.62 yen, up from 83.07 on Tuesday.% M& J& i4 d) w% _+ v
The euro dipped to 1.3006 dollars from 1.3019 dollars, while the British pound rose to 1.5620 dollars from 1.5569 dollars. |