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The Japanese yen depreciated today to its lowest dollar against more than 23 years, and quotations on the Tokyo Stock Exchange fell sharply after Friday's high inflation data in May provoked expectations of an aggressive tightening of monetary policy of the Federal Reserve , Kyodo said. 

The Japanese currency briefly accelerated its decline, reaching a rate of about 135.20 yen per dollar - the lowest since October 1998. 

In the afternoon trading in Tokyo, the dollar traded for 134.90-93 yen compared to 133.59-62 yen on Friday. 

The euro was quoted at 1.0485-0489 dollars and 141.44-53 yen against Friday's rate of 1.0625-0626 dollars and 141.95-99 yen. 

The dollar exchange rate with a 20-year high against the yen

On the stock market in Tokyo, the leading Nikkei-2225 index closed down 836.85 points or 3.01 percent to 26,987.44 points. 

For Wall Street, Friday's session also ended with losses after data on inflation, informs the Associated Press. 

The Dow Jones industrial average fell 880 points or 2.7 percent to 31,392.79 points.

The broader Standard & Poor's 500 fell 116.96 points or 2.9 percent to 3,900.86 points, while the Nasdaq index of high-tech companies fell 414.20 points or 3.5 percent to 11,340.02 points . 

the Japanese yen