The yen surged against the dollar in late New York trading Wednesday, as a weaker-than-expected sales forecast from Apple Inc. and Chinese data raised concerns over a slowing global economy. The dollar was recently down 1.5% against the Japanese yen at 107.20. Other currencies sensitive to China and global growth, such as the Australian dollar, were also lower.

Source: Wall Street Journal January 03, 2019 00:11 UTC