The Japanese yen continued to weaken against a basket of currencies on Monday, touching its nearly four-decade low against the American dollar after data showed that Japan’s gross domestic product (GDP) contracted by more than expected during the opening quarter. This development has seemingly dampened hopes of a potential rate hike by the Bank of Japan. The dollar gained 0.31% against the Japanese yen, selling at 161.3765 at 8:40 am ET, its strongest level since December 1986. At the same time, the euro climbed 0.58% compared to the Japanese currency, changing hands for 173.3685, its highest point since 1992 in the ... (full story)