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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
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Yen Slumps to 24-Year Low as Investors Embrace Riskier Assets
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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.