Dollar Sags To ¥109 In Tokyo

Hopefully, this is just only a hiccup.

Jiji Press reported:

Tokyo, May 23 (Jiji Press)--The dollar sagged below 110 yen in Tokyo trading on Monday after U.S. Treasury Secretary Jacob Lew warned against possible yen-selling intervention by Japan at a weekend meeting with Japanese Finance Minister Taro Aso. 

At 5 p.m., the dollar stood at 109.51-56 yen, down from 110.27-28 yen at the same time Friday. 

To read more, go here.