The U.S. dollar shot even higher against the Japanese yen on Monday, hitting levels not seen since 2007. The dollar’s move higher against the yen comes in the wake of last week’s strong data out of the U.S. and a big stimulus package announced by Japan.On Monday, the dollar USDJPY, -0.39% surged as much as 1.5% to before rising to ¥113.88 from ¥112.33 late Friday. Late Thursday, ahead of the Bank of Japan, the currency traded at ¥109.22.
The yen also tumbled against the British pound GBPJPY, -0.24% , dropping 1.38% to ¥182.12 and the euro EURJPY, -0.09% , down 1.1% to ¥142.32.
The WSJ Dollar Index BUXX, -0.28% a measure of the dollar against a basket of major currencies, was down 0.02% to 79.39. The ICE Dollar Index DXY, -0.19% rose to 87.366 from 86.907
The euro EURUSD, +0.30% fell to $1.2485 from $1.2526 late Friday, breaking the Oct. 3 low of $1.2501, noted Christ Weston, chief market strategist at IG in a note.
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