Bloomberg : Dollar Rises Versus Yen After Plosser Signals Rate Increase
By Yoshiaki Nohara
Jan. 13 (Bloomberg) — The dollar rose against the yen, ending three days of losses, after Federal Reserve Bank of Philadelphia President Charles Plosser said policy makers must raise rates before unemployment falls to an acceptable level.
The U.S. currency advanced to 91.24 yen as of 9:26 a.m. in Tokyo from 90.98 in New York yesterday, when it declined to 90.73, the weakest since Dec. 21. The dollar was at $1.4483 per euro from $1.4486. The yen traded at 132.13 per euro from 131.79.
To contact the reporters on this story: Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net.