URGENT: Dollar hits 5-year high in upper 115 yen level

Economy

The U.S. dollar climbed into the upper 115 yen range on Tuesday, its highest level since January 2017. The dollar was trading at about 115.70 yen at around 12:40 p.m. in Tokyo after fetching 115.28-38 yen in New York at 5 p.m. Monday. The dollar advanced following a rise in U.S. Treasury yields overnight and as investors unloaded the yen, perceived as a safe-haven asset, following a sharp gain in Japanese stocks Tuesday, dealers said.

Kyodo News

Kyodo News