The yen reached its weakest level since mid-February against the dollar on Wednesday on rising concerns about an increase in fiscal spending in Japan, while the euro fell on political uncertainty in France.
The dollar has also likely benefited from a lack of government economic data as the federal government remains shut. That data would otherwise add to market volatility and may show a weakening economy, analysts said.
The election of Sanae Takaichi as leader of Japan’s ruling Liberal Democratic Party on Saturday has
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