The US dollar tumbled against the Japanese yen today, reaching the lowest level since November, 2009 on economic reports suggesting a faltering US economic growth. The US gross domestic product slowed during the second quarter to 2.4 percent from the first quarter figure of 3.7 percent. Additionally, the University of Michigan index of US consumer sentiment tumbled sharply to 67.8 in July from 76.0 in June.
USD/JPY fell to 86.38 at about 16:18 GMT today, from the opening of 86.77. The pair managed to reach the year’s lowest level at 85.96.