TOKYO -- The yen weakened past 129 against the U.S. dollar during early morning trading Wednesday as a warning from the Japanese central bank governor did little to sway the market, highlighting the challenge he faces in maintaining easy money policy.
The yen fell past 128 against the dollar during afternoon trading in Tokyo on Tuesday, the lowest level since May 2002. The Japanese currency continued its slide in offshore trading to breach the 129 line, falling more than 2 yen in one day.
