• SHARE

The dollar shot up against the yen Monday amid indications the Bank of Japan stepped into the market.

The dollar changed hands at at 122.32-35 yen at 5 p.m., up from 119.30-33 yen late Friday. As the BOJ reportedly sold billions of yen for dollars, the greenback at one stage recovered the 122 yen level it lost late last month.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW