LONDON: The dollar exceeded 152 yen for the first time in 33 years and nine months in London trading Wednesday, following the announcement of stronger-than-expected U.S. consumer price data for March.

After the announcement, speculation about an early interest rate cut by the U.S. Federal Reserve receded, prompting purchases of dollars against yen, market sources said.

The dollar was quoted at 152.39-49 yen at 1:40 p.m., up from 151.60-70 yen at 4 p.m. Tuesday.

JIJI Press