Yen briefly breaches 143 line vs. U.S. dollar for 24-yr low in N.Y.

The Japanese yen hit a fresh 24-year low against the U.S. dollar, briefly breaching the 143 line in New York on Tuesday amid solid yen-selling and dollar-buying momentum on the rise of long-term U.S. Treasury yields.The yen was traded at 142.74-84 to the dollar at 5 p.m. in New York after temporarily trading at 143.08, marking a fresh low since August 1998 following the longer Labor Day weekend.The Japanese currency temporarily reached the 142 level per dollar in London earlier Tuesday and stayed broadly in the upper 142 range in New York, compared with 141.53-55 on Tuesday in Tokyo.The yen…READ FULL ARTICLE