Yen weakens past 149 to dollar, nearing 1-year low

Dollar buying fueled by Treasury yield's 16-year high, Fed official's comment

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The yen weakened to more than 149 to the dollar for the first time in nearly a year. (Photo by Kento Awashima)

Nikkei staff writers

TOKYO -- The yen weakened to 149.18 per dollar at one point on Tuesday, marking a low not seen since October last year.

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