Yen strengthens past 145 per dollar for first time since January

The yen surged past 145 per dollar on Monday for the first time since January, after the Bank of Japan raised interest rates last week with talk of further tightening in the pipeline.

One dollar bought 144.77 yen in morning trade, much stronger than the levels near 162 touched in early July, which was its weakest since 1986.

AFP