Yen Surges Past 100 Per Dollar as U.K. Vote Spurs Rush to Safety

Updated on
  • Currency surges 18% versus pound as Britons choose Brexit
  • Strength undermines stimulus program for reviving economy

Yen Briefly Breaks Through 100 Per Dollar

The yen soared past a milestone versus the U.S. dollar for the first time since November 2013 as Britons’ vote to quit the European Union spurred demand for this year’s best-performing major currency as a haven.

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