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

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

20220711N Yen

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

Nikkei staff writers

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.

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