We are now in a new month and we're still in the summer vacation season, so it is time to see how the U.S. dollar is faring against the Japanese yen in foreign exchange.
Japan Today reported:
NEW YORK - The Japanese yen briefly surged to the lower 157 level against the U.S. dollar in New York on Friday, with Japanese government sources confirming a yen-buying, dollar-selling intervention by currency authorities.
Trading at 157.24 per dollar for a brief span, the yen hit its strongest level since mid-May.
To read more, go here.
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