Japanese yen hits yearly high against USD amid market speculation on BOJ policy

TOKYO, Sept. 11 (Xinhua)-- Japanese yen on Wednesday afternoon surged to its highest level against the U.S. dollar this year in the Tokyo foreign exchange market, briefly reaching 140.72 yen to the dollar.

This marked a significant appreciation of nearly 3 yen compared to the previous day's closing rate, setting a new high for the year by surpassing the previous peak of 141.68 yen to the dollar set on Aug. 5.