Yen briefly strengthens to 139 zone against USD for 1st time in over year

TOKYO, Sept. 16 (Xinhua) -- The Japanese yen hit its strongest level in more than a year on Monday, rising briefly to the 139 yen zone against the U.S. dollar in Asian trading, due to growing speculations of a possible U.S. rate cut by 0.50 percentage points later this month.

The U.S. dollar was down 0.47 percent at 140.15 yen, falling further from the 140.285 it struck on Friday to its lowest since July 2023. J