The yen fell into the 152 range against the U.S. dollar on Wednesday in New York for the first time in nearly 34 years as strong U.S. inflation data added to expectations that the Federal Reserve will
Japan's top currency diplomat Masato Kanda says the yen's fall has been "very rapid" and driven in part by speculative moves, warning the government will respond "appropriately" if required.
The U.S. dollar temporarily rises to the lower 150 yen range from the mid-149 level in Tokyo after the Bank of Japan made another tweak to its yield cap program at its policy-setting meeting.