• Bloomberg, Kyodo


The yen’s relentless drop continued Friday, as it weakened for an 11th straight day against the dollar on bets further divergence between U.S. and Japanese interest rates are inevitable.

The yen was down just over 0.5% to ¥126.60 per dollar at 3:30 p.m. in Tokyo — extending a 20-year low. Benchmark Treasury yields surged in the U.S. overnight, widening the gap with their peers in Japan. The yen rose slightly to reach ¥126.46 later in the afternoon in Tokyo.

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