Overnight weakness in the Japanese yen continued into Tuesday’s trading, pushing it to a fresh 20-year low amid speculation that the interest rate gap between Japan and the United States will widen.
The yen fell in the upper 132 zone against the U.S. dollar. As of 14.28 hrs. local time in Thailand, the Japanese currency was traded at around 132.73 against the dollar.
According to market analysts, the value of the yen dropped sharply due to concerns that the U.S. Federal Reserve (Fed) will keep tightening monetary policy.
