Yen becomes lone loser on flight to higher-yielding dollar, euro

Sell-off continues on widening interest rate gaps, high oil prices

20220607 FOREX Yen 132

The value of the yen approached 133 to the dollar during trading on June 7. (Photo by Hirofumi Yamamoto)

DAISUKE NAKAMOTO, Nikkei staff writer

TOKYO -- The Japanese yen's lone descent against major currencies accelerated Tuesday as money fleeing Japan flowed into higher-yielding dollar and euro assets amid widening interest rate gaps.

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