URGENT: Yen slides further, trades at 146 vs. dollar for 1st time in 24 years

Economy

The yen slipped into the 146 zone against the U.S. dollar on Wednesday morning, a level unseen in 24 years and weaker than it was when Japan intervened in the currency market last month. Japanese finance authorities stepped into the market on Sept. 22 to support the yen after it depreciated to 145.90. It was their first yen-buying, dollar-selling intervention since 1998.

Kyodo News

Kyodo News