TOKYO -- The Japanese yen weakened to the upper-153 level on Monday after the ruling coalition lost its majority in Sunday's general election, casting uncertainties over the country's fiscal and monetary policies.
The yen depreciated past 153.80 per dollar on Monday, a low since late July, in reaction to the election results. The yen started falling past 153 overnight as the defeat of the ruling coalition became more imminent, and then rebounded to the mid-152 level before weakening again.
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