By Sarah Turner
SYDNEY (MarketWatch) -- The U.S. dollar USDJPY +4.42% surged against the yen on Monday, buying ¥78.00 compared to ¥75.77 in late trading Friday. The euro also jumped against the yen, buying ¥110.30, compared to ¥107.24 on Friday. The dollar hit a fresh record low against the yen earlier Monday, and Japanese Finance Minister Jun Azumi said that the country would take decisive steps to stem the currency's rise if required, but didn't provide specific details, according to reports. Japanese stocks turned positive following the yen's fall, with the Nikkei Stock Average JP:NIK -0.69% trading up 0.9% after trading in negative territory earlier in the morning.
