U.S. dollar plunges to 140 yen from 145 yen after Japan's intervention

The U.S. dollar briefly plunged by around five yen to the 140 yen range on Thursday after the Japanese government stepped into the market to support the Japanese currency, its first such intervention in 24 years.The U.S. currency was trading at a fresh 24-year high in the upper 145 yen range after the Bank of Japan decided to maintain its monetary easing policy at the end of its regular meeting Thursday.The BOJ's policy starkly contrasts the Federal Reserve's decision Wednesday to raise its key policy rate and its suggestion of more aggressive rate hikes to come.At 5 p.m., the dollar fetche…READ FULL ARTICLE