Yen stays under pressure near 144 line as gov't warning sounds hollow

The yen slightly slowed its slide but mostly remained under pressure around the 144 line against the U.S. dollar Thursday in Tokyo as verbal warnings from Japanese finance authorities apparently failed to significantly change the course of trading.Tokyo stocks, meanwhile, rebounded sharply, tracking overnight gains on Wall Street, with investors also buying battered shares after the benchmark Nikkei average ended at its lowest level in a month and a half on Wednesday.The yen, which has repeatedly touched 24-year lows recently, neared the 145 mark overseas Wednesday on media reports that the…READ FULL ARTICLE