ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Forex

Yen sinks beyond 137 against dollar in fresh 24-year low

Strong U.S. job market adds to downward pressure on Japanese currency

A strong U.S. jobs report has fueled the yen sell-off.

TOKYO -- The yen weakened to the lower 137 range against the dollar in overseas trading Monday night, as robust U.S. employment data fueled speculation about stepped-up monetary tightening by the Federal Reserve. 

The yen softened to 137.28 against the greenback Monday morning, beyond the previous low of 137 on June 29, before falling as far as 137.75 that night in offshore trading, a level not seen since 1998.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more