The Japanese yen has shed extra of its worth, hitting a brand new 24-year low in opposition to the dollar.
The yen briefly fell to the 143 degree to the buck in New York on Tuesday. That is the weakest since 1998.
The drop got here after a US non-manufacturing enterprise exercise index launched on Tuesday confirmed higher than anticipated figures. Speculation unfold that the US Federal Reserve may proceed elevating rates of interest.
The widening interest-rate hole between Japan and the United States motivated buyers to promote the yen and purchase {dollars} to lock in greater yields.
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