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Dollar Strengthens Against Yen

Thu., Jan. 5, 1995

The dollar rallied Wednesday to a 21-week high against the Japanese yen, drawing strength from a bond market sell-off in Tokyo and a U.S. government report favoring a stronger currency.

The yen’s broad weakening limited the dollar’s gains against key European currencies, however, as foreign investors dumped Japanese government bonds and then sold yen for German marks and other currencies.

In late New York trading, the dollar was quoted at 101.35 yen, the highest level since Aug. 10 and up from 100.68 late Tuesday.

Currency in Dollar in

EXCHANGE Dollars foreign currency

Canada .7133 1.4020

France .1861 5.3730

Germany .6410 1.5600

Great Britain 1.5603 .6409

Japan .009861 101.41

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