Dollar Surges Against Yen

The dollar hit a four-week high against the yen Tuesday after a Bank of Japan report implied interest rates would stay low.

The dollar ended slightly higher against the mark and little changed against other currencies, steadied by a Bundesbank report that showed German money supply growth in July fell to an 8.6 percent rate.

The dollar started strengthening against the yen overnight after the head of the Finance Ministry’s International Finance Bureau, Eisuke Sakakibara, was quoted as saying Japan’s economy wouldn’t suffer if the dollar were worth 110 yen or stronger.

Exchange Currency in Dollars Dollar in foreign currency Canada .7283 1.3730 France .1967 5.0830 Germany .6718 1.4885 Great Britain 1.5475 .6462 Italy .000659 1517.00 Japan .009229 108.35 Mexico .134048 7.4600