P.M. BRIEFING : Dollar Rises Sharply Against Yen
- Share via
TOKYO — The dollar rose sharply against the yen despite central bank intervention today, the first day of 1990 trading in Tokyo, and the stock market’s main index declined moderately from its latest record high.
The dollar closed at 145.20 yen, up 1.80 yen from its finish of 143.40 Friday, the last trading day before Japan’s New Year holidays. The dollar had climbed 1.25 yen Friday.
It opened today at 145.55 yen and ranged between 144.90 yen and 145.72 yen.
In a half-day session of trading on the Tokyo Stock Exchange, share prices fell on news of the dollar’s strength. The 225-share Nikkei Stock Average, the market’s key index, closed at 32,712.88 points, down 202.99 points, or 0.52%.
The market had wound up 1989 trading with four consecutive days of record-high Nikkei closings.
More From the Los Angeles Times
Podcasts
The latest effort is coming from the L.A. County Board of Supervisors. They just announced a $3 million program in conjunction with some nonprofits groups to test and clean the soil at homes still standing in the areas impacted by the Eaton Fire.
California once bet big on offshore wind to help power its clean-energy future, but the Trump administration is now paying developers billions to walk away from their projects. As California’s remaining offshore-wind leases hang in the balance, the state is fighting back in court.
The Hillside Strangler murders terrorized Los Angeles in the late 1970s. The killers were a pair of sadistic cousins. One confessed. The other was set to stand trial—until L.A. prosecutors flinched.
