Japanese yen at risk of further declines after breaching key 140 level ...Qatar

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Japanese yen at risk of further declines after breaching key 140 level
The yen slumped past the key psychological level of 140 per dollar for the first time in almost a quarter of a century, a move that may extend as the divergence between US and Japanese monetary policy widens. Fuelled in large part by the rise in Treasury yields, the yen fell as much as 0.9% against the dollar on Thursday, extending its year-to-date decline to almost 18%. And options markets show traders are betting there might be more to come, with pricing skewed toward contracts that will pay off if dollar-yen keeps rising. The slide in the yen - the worst performer this year among Group-of-10 currencies - reflects a growing split between the Bank of Japan (BoJ), which is keeping policy lo

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