Dollar-yen exchange rate surges to the ¥154 range, a level seen for the first time in roughly six months; some market participants say speculative trading intensified while the New York market was closed

The dollar-yen exchange rate surged to the ¥154 range, reaching a level seen for the first time in six months. Market participants said speculative trading intensified against the backdrop of the New York market being closed.

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The story

The dollar-yen exchange rate surged temporarily to the ¥154 range, moving to a level seen for the first time in roughly six months. The rise in the dollar-yen rate during the day's trading brought activity to the foreign exchange market.

Market participants said speculative trading intensified while the New York market was closed.

At a glance

Announcement date7 September 17:41

EventThe dollar-yen exchange rate surged to the ¥154 range

LevelA level seen for the first time in roughly six months

BackgroundSpeculative trading intensified while the New York market was closed

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