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Yen Hits Lowest Level Since 2015, and Japan, U.S. Are OK With That
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wsj.comTOKYO—The dollar rose to a more than six-year high against the yen Monday, fueled by Japan’s preference for a weaker currency and—in a shift—tacit acceptance from U.S. officials focused on inflation.
For the first time since August 2015, a dollar on Monday briefly bought more than 125 yen on foreign-exchange markets, compared with around 110 yen a half-year ago. The dollar was changing hands at around 123.93 yen late Monday in Tokyo.
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