Yen slumps to fresh 24-yr low in 140 zone per U.S. dollar

The Japanese yen weakened to a fresh 24-year low in the 140 zone per U.S. dollar in New York on Thursday, weighed down by growing speculation that the interest rate gap between the United States and Japan will widen.The Japanese currency continued to slide further against the dollar after hitting its weakest level since September 1998 in the 139 zone in Tokyo.After hovering around the 140-yen line throughout Thursday and briefly reaching 140.23 yen, the dollar was traded at 140.15-25 yen at 5 p.m. in New York. It fetched 139.28-29 yen at 5 p.m. in Tokyo and 138.91-139.01 yen in New York lat…READ FULL ARTICLE