Yen declines to a lower 144 level as compared to the dollar

In response to rumours that the Federal Reserve will continue raising interest rates in the wake of positive U.S. economic statistics, the yen plunged to the lower 144 level and hit a fresh 24-year low of 144.38 against the dollar on Wednesday in Tokyo.

Dealers stated that after crossing the 143 barrier in New York overnight, the dollar was still being bought in Tokyo as the possibility that the Fed will continue with aggressive inte....