Dollar Rises Against Yen, Mark

The dollar rose Tuesday against the yen and other major currencies after the Bank of Japan drove down short-term interest rates.

The dollar’s rise against the yen and German mark was aided by strong showings in U.S. stock and bond markets, which were buoyed by U.S. economic data indicating tame inflation.

Investors had been buying yen on the prospects that a revived Japanese economy would bring higher interest rates. But the bank bought short-term debt securities, effectively shaving their rates.

Exchange Currency in Dollars Dollar in foreign currency Canada .7308 1.3684 France .1925 5.1951 Germany .6519 1.5340 Great Britain 1.5140 .6605 Italy .000643 1556.00 Japan .009445 105.88 Mexico .134626 7.4280