Japan Yen low against dollar

The Japanese currency weakened against the dollar on Tuesday. Japanese Finance Minister said, "It is important that exchange rates remain stable. The government will continue to be on alert and always be ready to respond."The dollar-yen pair was being traded in the upper 149-yen range against the dollar.

If the rate moves beyond 150, that would mark the dollar's highest level against the Japanese currency since October last year.The yield on the benchmark Treasury note rose above 4.7 percent for the first time in about 16 years. That movement highlighted the wide interest-rate gap between the US and Japan, prompting investors to sell the yen and buy the higher-yielding dollar.