Dollar Hits Nine-Month High Vs. Yen

Wed., Sept. 13, 1995

The dollar surged to a nine-month high, rising above 101 Japanese yen Tuesday, as major Japanese institutions dumped yen and hopes faded for a recovery soon from Japan’s long-term economic weakness.

But that surge failed to broadly lift the greenback, with the dollar turning in a mixed performance against other major currencies.

The dollar rose to 100.85 yen in late European trading and then to 101.18 during U.S. trading, a level not seen since January 9, when it was at 101.30 and headed lower. The dollar now has recovered by almost 27 percent from the post-World War II low of 79.75 yen, reached during trading April 19 in Tokyo.

Exchange Currency in Dollars Dollars in foreign currency

Canada .7419 1.3478

France .1967 5.0830

Germany .6799 1.4709

Great Britain 1.5560 .6427

Italy .000621 1610.80

Japan .009921 100.80

Mexico .159109 6.2850

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Dollar Hits Nine-Month High Vs. Yen

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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