The currency sharply advanced as much as 2.6 per cent versus the dollar to 159.21 as 10.05am on July 30 in New York. Read more at straitstimes.com. Read more at straitstimes.com.

July 30 : The dollar sank against the Japanese yen on Thursday with traders alert to the possibility of intervention from Japan to prop up its stubbornly weak currency. The dollar…

Having collapsed to its weakest relative to the dollar in 40 years...

Japanese currency spikes to highest level since May after prolonged decline

By Jessica Fleetham and Megumi Fujikawa