Yen Hits Fresh 24-Year Low as Investors Embrace Riskier Assets
- Global stocks rallied as traders regroup after market tumult
- Options market point to more volatility ahead for yen
This article is for subscribers only.
The yen sank to a fresh 24-year low against the dollar as risk assets rebounded and investors ventured out of havens.
The currency fell more than 1% overnight and traded at 136.50 per dollar early Wednesday in Tokyo, its lowest since 1998.