The dollar jumped about 5 percent against the yen Monday after Japan intervened to weaken its currency, whose appreciation has threatened the country’s tentative recovery from the tsunami disaster.
The dollar shot above 79 yen in late morning trading in Tokyo after earlier touching a post-World War II low of 75.32 yen—a level that was battering Japan’s vital exporters.
From: http://ping.fm/EMkhc
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