The Japanese yen fell to as low as 132.60 yen per dollar on Tuesday, its lowest level since April 2002, as market participants anticipated a further widening interest rate gap between the United States and Japan.
The dollar was buoyed by the 10-year Treasury yield’s rise to 3.05 percent for the first time in nearly four weeks. The currency pair was last trading at 132.12, up 0.17 percent.
