US dollar plummets against the yen

A barrage of negative data and the impending collapse of Guernsey-based hedge fund Carlyle Capital sent the greenback tumbling to ¥99.77 in Asian trading on March 13 - a level not breached since 1995. The currency also hit record lows against the euro. The USD/JPY recovered slightly to ¥100.45 later in the day and by early Friday trading in London stood at ¥100.61.

"Unless dollar/yen has intervention, it will go lower," said Paul Blackman, chief dealer at Sumitomo Mitsui Banking Corporation

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: