Dollar rises strongly and the yen back down after the intervention of Japan

Win dollar Lenin from the lowest level in 15 years against the Japanese currency after Japan intervened to sell yen for the first time six years ago in a move traders said it aims only to gain time in Tokyo's efforts to curb the continuing rise of the yen.
The move also helped push the euro and Australian dollar and the pound sterling to rise 2% against the Japanese currency during the day although it was unclear whether Japan has bought any other currency than the dollar.
He said Japanese Finance Minister Yoshihiko Noda, Japan has intervened in the currency market as it can not turn a blind eye on the impact of the rise of the yen on the economy, adding that his country would continue to take action and she was acting alone.
The dollar rose 4.2% to 05.85 yen while the euro was up 2.2% to 34.110 yen.
Traders said that Japan might want to raise the dollar to about 85 yen.
The Australian dollar jumped to its highest level in almost three months at 72.79 yen.