LONDON, April 28 —The dollar rose past the psychological level of 130 yen today for the first time since 2002, after the Bank of Japan doubled-down on its super-low yield policy, while the euro briefly fell below another symbolic mark of US$1.05 .
The sell-off triggered by the BoJ saw the dollar soar to as high as ¥131 , its highest level in 20 years. Other Asian currencies were also under pressure. Against China’s yuan traded offshore, the dollar reached as high as 6.6562 yuan, its highest since November 2020. “It’s certainly looking like a realistic possibility”, Hardman argued, noting another key support at US$1.034, a level last reached in 2017.
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