At the Asian session, the Japanese yen to the US dollar hit an all-time high recorded back in November 2016 and keeps soaring vs the majority of currencies, according to news reports.
At the same time, the greenback resumed falling vs the majors driven by the concerns about the bigger budget deficit and state debt in the USA.
EUR to USD was at $1.2464 today morning ($1.2451 yesterday in New York).
According to the expert from Toronto Dominion Bank, the exchange rate can face new external threats in case of further expansion of the budget deficit.
US combined deficit of fiscal and current account is again near 6% GDP, which barely allows updating of the USD outlook, he commented.
The US dollar-to-yen exchange rate dropped to 106.49, compared to 107.01 yesterday.
As for the European currency, euro to yen rate was 132.73 (133.24 earlier).
This week the Japanese currency has gained more than 2%, though Japan's Finance Minister said that this strengthening was not too dramatic and did not require the governmental interference in the currency market. For reference, he had already mentioned that a sharp rate upturn or decline was some JPY 5 over two days.