Dollar rises above 100 yen for 1st time in 4 years

May 9, 2013 • Business

Money traders work under a screen indicating the U.S. dollar is traded at 100.835 yen at a foreign exchange company in Tokyo, Friday, May 10, 2013.(AP Photo/Itsuo Inouye)

TOKYO (AP) — The dollar rose above 100 yen for the first time in more than four years Friday as currency traders persist in selling the Japanese currency in reaction to Tokyo’s aggressive credit-easing moves to help revive Japan’s moribund economy.

The U.S. dollar rose as high as 101.18 yen early Friday in Tokyo. It was the first time since April 2009 that the greenback has traded above 100 yen.

The weaker yen is a boon to Japan’s major auto Login to read more

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