TOKYO -- The Japanese currency hit the 153 yen range against the dollar on Wednesday, falling to that level for the first time since July 31, on expectations of a widening yield gap between the two countries.
Currencies
Yen slides to 153 against dollar for first time since July
Japanese currency sold off on falling likelihood of new U.S. rate cuts
Market players see the interest rate gap between the U.S. and Japan as likely to widen, pushing down the yen. (Photo by Akira Kodaka)
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