TOKYO -- The Japanese yen dropped to a 32-year low on Thursday as the country's central bank bucks the U.S. Federal Reserve's monetary tightening and maintains its loose policy.
Markets
Yen weakens to 32-year low, declining past 147 per dollar
Sell-off raises possibility of new forex intervention by Tokyo
The yen was briefly trading at around 147.65 against the dollar, crossing the 147.64 mark it recorded in 1998 and hitting its weakest point since August 1990. (Source photos by Koji Uema and Yo Inoue)
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