Mon, 3, June, 2024, 7:21 pm

Yen drops to 20-year low against dollar

Yen drops to 20-year low against dollar

Shawdesh desk:

The yen hit its lowest level against the dollar in two decades on Wednesday, extending recent falls as the gap widens between Japan’s ultra-loose monetary policy and Fed tightening.

One dollar bought 126 yen at around 0630 GMT, the lowest rate since 2002.

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