Tokyo, 12 April, /AJMEDIA/
The Japanese yen dropped to the 153 range against the US dollar at one point on the New York foreign exchange on Wednesday for the first time since June 1990, following release of the latest US inflation data, according to NHK World-Japan.
The view that the US Federal Reserve will delay interest rate cuts has spread as the consumer price index in March rose higher than market expectations.
That prompted investors to sell the yen and buy the greenback on the interest rate gap between Japan and the US.
