NEW YORK -- Japan's currency weakened on Wednesday, touching 157 yen to the dollar for the first time in nearly 10 months during New York trading hours, on receding expectations of a U.S. rate cut and fears of expansionary fiscal policy in Japan.
Currencies
Yen falls to 157 against dollar as expectations for US rate cut recede
Fed minutes show FOMC member opinions divided with scant data
The yen has been sliding since the end of September. (Photo by Akira Kodaka)
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