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New York – The yen tumbled briefly to across the 132 line Monday in New York, its weakest stage in 20 years and two months, as merchants flocked to promote the Japanese forex for the U.S. greenback on hypothesis of additional widening between the 2 international locations’ rates of interest.
At 5 p.m., the greenback traded at ¥131.85-95, in contrast with ¥130.76-78 at 5 p.m. Monday in Tokyo. The euro was quoted at $1.0691-0701 and ¥141.00-10 towards $1.0742-0743 and ¥140.47-51 in Tokyo late Monday afternoon.
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