FOREX-US dollar soars to highest vs yen since mid-1990 after inflation data [Yahoo! Finance]
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Source: Yahoo! Finance
LONDON/NEW YORK, April 10 (Reuters) - The yen weakened on Wednesday, pushing the dollar to its highest against the Japanese currency since 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up the yen. The move came after the latest U.S. inflation data, which showed the Consumer Price Index (CPI) rose 0.4% on a monthly basis in March, compared with the 0.3% increase expected by economists polled by Reuters. Annually it increased 3.5% versus forecasts of 3.4% growth. Excluding volatile food and energy components, the core figure rose 0.4% month-on-month in March, against expectations of a 0.3% advance. Annually, it gained 3.8%, versus the estimated 3.7% increase. The dollar was last up 0.4% at 152.30 yen, having touched 152.47, the highest since mid-1990. Traders have been on watch for weeks for possible intervention by Tokyo authorities, as even a historic exit from negative rates in Japan has failed to lift the currency. Japan inter
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