The dollar rose to a seven-month high against the Japanese yen, a week after the Bank of Japan announced a surprise increase of its economic stimulus program.
The dollar rose to 80.24 Japanese yen late Wednesday from 79.71 yen late Tuesday. The dollar rose as high as 80.40 yen, its highest point against the yen since July 11.
The Bank of Japan said on Feb. 14 that it would buy more government bonds while keeping short-term interest rates close to zero to boost the country's economy. (Seattle Times)
↧