Dollar Keeps a Grip on 150, Yuan Shrugs Off China Rate Cut

U.S. dollar, euro, and Ukrainian hryvnia banknotes are seen in this picture illustration taken in Kyiv, Ukraine, on Oct. 31, 2016. Valentyn Ogirenko/Reuters

LONDON—The dollar rose on Tuesday, trading above 150 yen for a sixth day, as investors grew less certain Japan’s era of ultra-low rates will end any time soon given the country is in recession, while the yuan shrugged off a cut in China’s key borrowing rate.

Japanese finance minister Shunichi Suzuki said on Tuesday authorities were “closely watching FX moves with a high sense of urgency,” a phrase he has used previously, and stated the yen exchange rate was set by a number of factors.