TOKYO -- The yen fell to a four-month low against the dollar on Thursday, as many investors do not expect currency market intervention in the near future, despite repeated verbal warnings by the Japanese government about the abrupt decline of the yen.
The yen fell below 156 to the dollar in Tokyo trade, its lowest point since July 23, down roughly 3% from where it was before the U.S. presidential election. The Japanese currency has declined more than 10% from its recent high of 139.57 on Sept. 16.
