Yen falls to fresh 24-year low vs. dollar on Fed's official remarks

The Japanese yen fell to a fresh 24-year low in the 139 zone against the U.S. dollar in Tokyo on Thursday as hawkish remarks by a Federal Reserve official fueled speculation of a widening interest rate gap between Japan and the United States.The Japanese currency briefly weakened to the upper 139 level against the dollar, falling as low as 139.69, its lowest level since September 1998, after hitting 139.38 on July 14.At 5 p.m., the dollar fetched 139.28-29 yen compared with 138.91-139.01 yen in New York and 138.58-61 yen in Tokyo at 5 p.m. Wednesday.The euro was quoted at $1.0029-0031 and 1…READ FULL ARTICLE