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Dollar jumps to highest level against yen since June 2015

The dollar stood at 125.42-43 yen, up from 124.04-04 yen on Friday. (Shutterstock)
The dollar stood at 125.42-43 yen, up from 124.04-04 yen on Friday. (Shutterstock)
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11 Apr 2022 04:04:38 GMT9
11 Apr 2022 04:04:38 GMT9

The dollar jumped above 125 yen in late Tokyo trading Monday, hitting the highest level in six years and 10 months.

At 4 p.m., the dollar stood at 125.42-43 yen, up from 124.04-04 yen at 5 p.m. Friday.

The greenback attracted buying in anticipation of the widening gap between U.S. and Japanese interest rates, reflecting rising U.S. Treasury yields.

JIJI Press

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