U.S. dollar briefly climbs above 150 yen, highest level in 1 year

The U.S. dollar briefly rose above the 150 yen line Tuesday in New York trading, reaching a level not seen since October 2022 amid expectations that the Federal Reserve will likely keep interest rates high for a prolonged period.The dollar quickly dropped below 147.50 yen in volatile trading after topping the crucial line, as caution grew stronger over a possible yen-buying currency intervention by Japanese authorities to stem the yen's depreciation.Japan conducted its yen-buying, dollar-selling intervention on Sept. 22 last year for the first time in 24 years as the Japanese currency cross…READ FULL ARTICLE