Comment on Dollar soars to 124.25 yen, highest in more than 12 years

Dollar soars to 124.25 yen, highest in more than 12 years

Tokyo (AFP) - The dollar soared to its highest level against the yen in more than 12 years on Thursday, powered by expectations for a US interest rate hike and more monetary easing from Japan's central bank.The greenback briefly touched 124.25 yen in Tokyo, its highest level since late 2002, before settling back to 124.10 yen.

 

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