[1/2] Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023.
ET (1500 GMT) with a 152 strike price, analysts said.
The dollar shot to 151.92 yen at 9:42 a.m. (1442 GMT), its highest level since October 2022, and then tumbled to 151.20 minutes after the strike price.
Earlier, Japanese Finance Minister Shunichi Suzuki said the government would keep monitoring the currency market and respond appropriately.
The yen is down almost 14% against the dollar this year.
Persons:
Dado Ruvic, Shunichi Suzuki, Marc Chandler, It's, Chandler, Jerome Powell, Geoff Yu, Sterling, Rishi Sunak, Sunak, David Cameron, Suella Braverman, Dhara Ranasinghe, Brigid Riley, Emelia Sithole, Sharon Singleton, Jonathan Oatis
Organizations:
REUTERS, Japanese Finance, Bank of Japan, Bannockburn Global, United Auto Workers, Federal Reserve, BNY Mellon, British, Thomson
Locations:
Bannockburn, New York, U.S, Tokyo, Japan, TOKYO