Yen climbs to 155 per dollar, a five-week high, following U.S. pressure

Comments by Trump on Taiwan, Fed on rates drive up yen; exporters, chip stocks fall

20240718 yen

The yen's appreciation follows recent likely BOJ interventions to save the currency, which had been dipping past 160. (Photo by Nanami Sato)

CHIHIRO ISHIKAWA and LISA KIM, Nikkei staff writers

TOKYO -- The yen sharply appreciated against the dollar on Thursday, temporarily reaching a one-month high, following pressure by powerful figures in the U.S. and Japan.

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