Yen weakens to 145 as central bank rate decisions hit markets

South Korean won at lowest in 13 years after Fed raises interest rates

20220922 yen 145.21

The Japanese yen weakened past 145 to the dollar, hitting a new 24-year low. (Photo by Kosuke Imamura)

SHOICHIRO TAGUCHI and KIM JAEWON, Nikkei staff writers

TOKYO/SEOUL -- Asian currencies came under fresh pressure on Thursday and shares were lower after the Federal Reserve continued to tighten U.S. monetary policy while the Bank of Japan stuck to its ultraloose stance.

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