TOKYO -- The long-suffering Japanese yen now sits at a year-to-date low and is threatening to tumble below last year's nadir of 151.94 to the dollar.
Currencies
Largest policy rate gap in 22 years pins yen near last year's low
Japan's currency ambassador steps up verbal fusillade, fueling war of nerves
The yen finds itself at the mercy of Bank of Japan policy and overseas investors eager to borrow currency at ultra-low interest rates while their home currencies are subject to rates almost 5 percentage points higher. © Reuters
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