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Currencies: Yen pulls back after jawboning from Japan official

The yen weakened against the dollar during Asian trade Wednesday after jawboning by Tokyo’s top currency bureaucrat.

The U.S. dollar USDJPY, +0.44% firmed up to ¥101.09, from ¥100.30 late Tuesday in New York.

The euro EURJPY, +0.31% rose to ¥113.82 from ¥113.12, while the pound GBPUSD, -0.1533% gained to ¥131.71 from ¥130.86.

The greenback advanced to as high as ¥100.68 in the midmorning in Asia trade, after a fresh warning about the soaring yen from Japan’s currency authorities. That intraday high was still below ¥100.90 at Tokyo’s lunch time Tuesday, the level from which the yen gained traction to hit ¥99.55 against the dollar overnight, its strongest level since June 24 — shortly after the U.K.

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