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.
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.