Yen hits 4-month high against dollar on U.S. economy concerns

Expectations of narrowing interest rate gap spur Japan currency to mid-148 range

20250225N dollar yen bank notes

Falling U.S. Treasury yields are fueling yen-buying. (Photo by Akira Kodaka)

Nikkei staff writers

TOKYO -- The yen briefly strengthened to the mid-148 range against the dollar on Tuesday in New York trading, its highest level against the greenback since October.

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