TOKYO, March 22 (KUNA) -- The US Dollar hit a six-year high against the Japanese yen into the JPY 120 level, Tuesday, in Tokyo following remarks by Federal Reserve Chair Jerome Powell on the previous day. At 5:50 p.m. (0850 GMT), the greenback traded at JPY 120.41-43 versus JPY 119.43-53 in New York, Monday. at 5:00 p.m. It was the first time that the US dollar climbed to the JPY 120 range since February 2016. The Japanese financial markets were closed Monday for a national holiday.
On Monday, Powell said the central bank would move more aggressively to raise interest rates if necessary to bring down inflation. (end) mk.seo