TELETRADER News
4/28, 7:54 AM (Source: TeleTrader)
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Dollar sells for ¥130 for the first time since 2002

The United States dollar soared over 1.3% versus the Japanese yen on Thursday, selling for ¥130 for the first time since April 2002.

The rise seemingly came amid different monetary policy approaches taken by the Bank of Japan (BoJ), and the US Federal Reserve (Fed). Unlike its US counterpart, Japan's central lender voted to keep its interest rate unchanged, and its monetary policy loose, with no hints of tightening coming soon.

The dollar jumped 1.17% and went for ¥129.94 at 7:52 am CET, after having touched ¥130.273 minutes earlier.

Baha Breaking News (BBN) / BU