Dollar Hits 33-Year High of 151.97 Yen in Tokyo (Update 1)

Jiji Press

11:58 JST, March 27, 2024 (updated at 12:25 JST)

Tokyo (Jiji Press)—The dollar briefly climbed as high as ¥151.97 in Tokyo trading Wednesday, hitting the highest level in 33 years and eight months.

Dollar buying for yen accelerated amid growing anticipation for a wider gap ahead between Japanese and U.S. interest rates, market sources said.

At noon, the dollar stood at ¥151.88-89, up from ¥151.32-32 at 5 p.m. Tuesday.