10/3, 4:39 PM (Source: TeleTrader)
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Yen falls to go for ¥150 per US dollar

The Japanese yen recorded losses in its value on Tuesday and went down to the level of ¥150 per one United States dollar in New York trading.

The move came after Federal Reserve Bank of Cleveland President Loretta Mester hinted at the possibility of the US central bank raising its key interest rate again at its next meeting. Meanwhile, Japanese Finance Minister Shunichi Suzuki underscored that the country will take necessary steps to prevent rapid changes in the values of foreign currencies.

The dollar lost 0.46% to the yen at 10:29 am ET to sell for ¥149.1705.

Baha Breaking News (BBN) / JR