TOKYO -- The Japanese yen surged briefly Tuesday after an early morning earthquake in Fukushima Prefecture but soon weakened again as attention returned to the coming presidency of Donald Trump in the U.S.
The earthquake struck around 6 a.m., and within about 15 minutes, the yen had strengthened by about 0.5 yen to the dollar. The market was likely reminded of the yen's dramatic ascent following the March 2011 earthquake.
