Yen sinks as rates outlook diverges; New Zealand dollar tumbles
The yen sank against major peers on Monday after U.S. payrolls data bolstered the case for further Fed rate hikes, highlighting a growing disparity with Japan.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Yen sinks as rates outlook diverges; New Zealand dollar tumbles

### Response: The yen sank against major peers on Monday after U.S. payrolls data bolstered the case for further Fed rate hikes, highlighting a growing disparity with Japan.