Japanese currency on steady decline after yen-buying operation over holidays
The yen has steadily weakened amid growing expectations that the U.S. Federal Reserve will hold off on interest rate cuts this year. (Photo by Yoshikazu Imahori)
TOKYO — The yen dropped to the 158 range against the dollar Thursday in the New York market, with the Japanese currency hitting its lowest level since the government’s yen-buying intervention at the end of last month.
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