Dollar Climbs Above 130 Yen

Jiji Press

12:42 JST, January 18, 2023

TOKYO (Jiji Press) — The dollar climbed above ¥130 in Tokyo trading Wednesday after the Bank of Japan did not change its cap on long-term interest rates.

The BOJ kept its cap on 10-year Japanese government bond yields unchanged at 0.5 %, according to a statement the central bank issued after a two-day monetary policy meeting.

The dollar was at ¥130.50-52 at noon, compared with ¥128.72-72 at 5 p.m. Tuesday.