Yen dives, hits new 24-year low vs dollar

The Japanese yen plunged on Tuesday to the lowest since October 1998, as the Bank of Japan's ultra-loose monetary policy stance continued to weigh.

The yen dropped 0.8% to a 24-year low of 136.18 per dollar , extending losses after the Bank of Japan on Friday dashed any mild expectations of a change in policy and continued to stand alone in its commitment to ultra-easy monetary settings.

The yen was also down 1.2% to 143.655 per euro, its lowest level since June 9. (Reporting by Samuel Indyk)