Dollar tops 125 yen for 1st time since Aug. 2015, stocks fall

The U.S. dollar surged against the yen on Monday, topping the 125 yen line for the first time since August 2015, after the Bank of Japan announced an emergency bond-buying operation, while the Nikkei stock index ended lower, snapping a nine-day winning streak.The dollar rose sharply from the lower 122 yen range in the morning after the BOJ's operation increased expectations of a widening interest rate gap between the United States and Japan.The U.S. currency eclipsed the 125 yen mark in the evening. At 6 p.m., the dollar fetched 124.68-69 yen compared with 122.05-15 yen in New York and 121.…READ FULL ARTICLE