Yen hits 24-year low, 140 level beckons as hike bets buoy dollar | Economic Times

Yen hits 24-year low, 140 level beckons as hike bets buoy dollar https://ift.tt/G4IRw8d greenback hit a 24-year high of 139.59 against the yen in early Asia trade, a gain of about 0.5% on the previous day's close. Expectations for a 75-basis-point U.S. rate hike at next month's Federal Reserve meeting are rising on the back of solid economic data, with Fed funds futures last pointing to a 73% chance of such an increase.