Yen Hits Nine-Month Low Near ¥155 as Dollar Firms After U.S. Shutdown Ends

Overview

• The currency hovered in the mid-¥154 to ¥155 range across Tokyo and New York on Nov. 13.
• In Tokyo trading, the rate briefly touched ¥155.01 per dollar before closing near ¥154.71–¥154.73 at 5 p.m.
• In New York, the yen traded around ¥154.66–¥154.76 as of 8:40 a.m. local time.
• Coverage attributed the dollar buying to the lifting of a partial U.S. government shutdown, which eased concerns about the economic outlook.
• The decline extends selling that followed Sanae Takaichi’s selection as LDP president in early October, leaving the yen at its weakest levels in about nine months.