The yen weakened past the closely-watched 150 per dollar level and hit a fresh 32-year low, boosting speculation that more intervention will be needed to support the Japanese currency.
Renewed selling sent it down as much as 0.3% to 150.29 per dollar in late US trading Thursday after a surge in Treasury yields to multiyear highs widened the gap with Japanese equivalents. That marked a new three-decade low for the yen, which has continued to slide despite the efforts of authorities to support it by intervening in the market in September.
