Dollar plunges to 139 yen, lowest since July 2023

The U.S. dollar plunged to the 139 yen zone Monday in Asian trading, hitting its lowest level in over a year, amid growing expectations that the Federal Reserve will cut interest rates by half a point later this month.The U.S. currency slipped to the mid-139 yen zone, its lowest level since July 2023, in the run-up to the Fed's two-day policy meeting from Tuesday. Japanese financial markets were closed Monday due to a national holiday, making trading thin across the board.The dollar was also pressured by remarks by Bank of Japan policy board members earlier this month that indicated a posit…READ FULL ARTICLE