Yen strengthens past key level of 140 per dollar

The yen was the best performer among its Group-of-10 peers against the dollar yesterday. — Bloomberg

TOKYO: The yen extended its advance past the psychological level of 140 against the US dollar amid threats to the independence of the Federal Reserve (Fed), heightened risks concerning tariffs and ahead of a meeting between the finance chiefs of Japan and the United States.

Japan’s currency rose as much as 0.7% to 139.93 against the dollar, its strongest level since September.