Dollar hits 18-month high to reach 116 yen level

Dollar hits 18-month high to reach 116 yen level

TOKYO, Japan - The U.S. dollar shots up against the yen in Tokyo on Jan. 5 to break the 116 yen barrier for the first time since July 1999, extending its overnight rally in New York. The signboard at Tokyo Forex & Ueda Harlow shows the U.S. currency fetching 116.90 yen at 11:15 a.m.

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