Monday, November 20, 2017
 
 
News: Page (1) of 1 - 10/31/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Japan intervenes in currency market to weaken yen
Dollar jumps after Japan intervenes in currency market to weaken strong yen
By The Associated Press

TOKYO (AP) ' The dollar has jumped against the yen after Japanese monetary authorities intervened in the currency market to weaken the yen, whose recent appreciation has hurt the country's vital exporters.

Monday's action, confirmed by Finance Minister Jun Azumi, came after the Japanese currency had surged to a post-World War II high of 75.32 yen against the dollar earlier Monday.

By 11:45 a.m., Tokyo time, the dollar has risen sharply to 79.19 yen.



The strong yen erodes overseas earnings for Japanese exporters.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines