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Currencies

Yen briefly dips into 137-range against dollar for fresh 24-year low

Disparity between Fed hawks and BOJ doves spurs sales of Japan's currency

The yen depreciated to the 137-per-dollar range on June 29, a level last seen in September 1998.   © Reuters

TOKYO -- The Japanese yen briefly fell into the 137-per-dollar range Wednesday, slumping to a level not seen since September 1998, as Japan diverges drastically on monetary policy from the U.S. and Europe.

As of midnight Tokyo time, the yen was trading around 136.65 per dollar.

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