HomeNewsNewsDollar hits new 24-year peak to yen as BOJ stays dovish; BOE looms

Dollar hits new 24-year peak to yen as BOJ stays dovish; BOE looms

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo

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TOKYO, Sept 22 (Reuters) – The U.S. dollar surged to a new 24-year high against the yen after the Bank of Japan stuck to ultra-easing stimulus on Thursday, just hours after the Federal Reserve surprised markets with hawkish interest-rate projections.

The greenback had already pushed to a new 37-year peak to sterling ahead of the Bank of England’s policy announcement later in the day, and to a two-decade top versus the euro.

It also notched new highs against regional currencies from the Australian and New Zealand dollars to the offshore Chinese yuan and the Korean won, as well as the Singapore dollar and Thai baht.

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The yen went for a wild ride in the immediate…

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