Dollar hits 5-yr high around 117 yen line, Tokyo stocks plunge

The U.S. dollar hit a five-year high around the 117 yen line Friday after U.S. Treasury yields rose overnight on data suggesting an acceleration in inflation, while the Nikkei stock index plunged more than 2 percent.At 6 p.m., the dollar fetched 116.95-117.00 yen compared with 116.08-18 yen in New York and 115.92-94 yen in Tokyo at 5 p.m. Thursday.The euro was quoted at $1.0977-0979 and 128.38-47 yen against $1.0983-0993 and 127.54-64 yen in New York and $1.1064-1066 and 128.26-30 yen in Tokyo late Thursday afternoon.The 225-issue Nikkei Stock Average fell 527.62 points, or 2.05 percent, fr…READ FULL ARTICLE