US dollar extends losses against yen
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THE dollar extended its losses against the yen and hit a new 15-month low on Thursday, with market participants bracing for further near-term weakness in the US currency.
The dollar dropped below Wednesday's low of 106.725 yen and fell as far as 106.30 yen, its weakest level since November 2016. That marked a drop of 3.8 per cent from its early February peak near 110.50 yen.
