P.M. BRIEFING : Dollar Hits 19-Month High in Tokyo
From Times wire services
TOKYO —
The dollar, undaunted by White House concern over its rapid rise in recent days, closed today at a 19-month high of nearly 142 yen despite active central bank intervention.
The Bank of Japan said the dollar closed 1.50 yen higher at 141.95 yen after momentarily hitting a high of 143.05 yen. The dollar’s closing rate was its highest since Oct. 28, 1987, when it closed at 142.00 yen. The day’s low was 141.82 yen.
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