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Yen Intervention ‘A Little Bit of Nonsense’: Foley

King dollar, Facebook’s comeback and trouble with European gas.

The dollar hasn't been this strong in more than five years as investors can't seem to shake off the appeal of a currency where nominal yields are the highest in developed markets. What's nectar for the dollar isn't so sweet for the rest, with the yen tumbling past 130 per unit of the greenback. To add to all that excitement in the currency markets, Sweden's central bank surprised most by raising its benchmark rate to send the krona soaring.