Yen slides past 163 mark to fresh 40-year low against US dollar

Japan’s currency fell as much as 0.5% to 163.24 per dollar overnight as the greenback strengthened alongside US Treasury yields after renewed tensions in the US-Iran conflict drove oil prices higher.

Japan’s currency fell as much as 0.5% to 163.24 per dollar overnight as the greenback strengthened alongside US Treasury yields after renewed tensions in the US-Iran conflict drove oil prices higher.