Yen Extends Gains to Break Psychological Level of 140 Per Dollar
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The yen advanced past the psychological level of 140 against the dollar as investors sought alternatives to the greenback amid increasing risks for US assets.
With the independence of the Federal Reserve under threat, heightened unease from tariffs and a looming meeting between the finance chiefs of Japan and the US, the yen broke through resistance to appreciate as much as 0.7% to 139.90 per dollar.