Dollar Slips Against Yen

The dollar Tuesday slipped against the Japanese yen after Japan moved to defend its faltering currency, but it ended higher against most other major currencies.

Eisuke Sakakibara, Japan’s vice minister for international affairs, said his country is worried about the decline of the yen and is prepared to take action to defend it. Sakakibara’s comments supported the yen as they were intended to do, but traders were not dissuaded from their long-term bullishness on the dollar.

Currency in Dollar in Exchange Dollars foreign currency

Canada .7045 1.4195 France .1681 5.9490 Germany .5624 1.7782 Great Britain 1.6807 .5950 Italy .000575 1740.00 Japan .007774 128.64 Mexico .123092 8.1240