Japanese Yen Falls To Its Lowest Since 1998 As Fed Hike Impact Spreads

The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher.

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The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher.

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