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Currencies

Yen weakens past 150 against dollar on stubborn U.S. inflation

Market expectations for Fed rate cuts dim as American economy stays hot

The yen hit its weakest point against the dollar since last breaking the 150 threshold in November. (Photo by Takuya Imai)

NEW YORK -- The yen weakened past 150 to the dollar on Tuesday following higher-than-expected inflation data for the U.S. economy in January.

The Japanese currency touched 150.87, its weakest against the dollar since the yen last broke the 150 threshold in November.

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