-->Yen falls as Japanese bond prices plunge

4:23

TOKYO, June 19 (Reuters) - The yen fell to its lowest level in nearly two weeks against the dollar on Thursday, dented by a sharp selloff in Japanese government bonds (JGBs).

The dollar rose to around 118.80 yen, up nearly a yen on the day and its highest since early June.

Traders said yen sentiment took a beating after the yield on key 10-year JGBs shot up to 0.675 percent -- a rise of 24.5 basis points, or 56 percent -- from a record low of 0.430 percent set only last week.

Reporting by Shinichi Kishima - Reuters Messaging