Yen weak in lower 150 range vs. dollar, near 32-year low

Economy

The yen continued to face pressure near a 32-year low in the lower 150 range versus the U.S. dollar Friday morning in Tokyo as hawkish remarks from a Federal Reserve official fueled prospects of a further widening of the U.S.-Japan interest rate gap. Tokyo stocks were modestly lower in the morning, weighed down by concerns over a slowdown in the United States, the world's largest economy, as a result of higher interest rates. The 225-issue Nikkei Stock Average fell 55.37 points, or 0.21 percent, from Thursday to 26,951.59. The broader Topix index was down 6.97 points, or 0.37 percent, at 1,888...

Kyodo News

Kyodo News