Yen slides to lower 146 zone vs. dollar on U.S. rate hike views

The yen hit a fresh 24-year low in the lower 146 zone versus the U.S. dollar on Wednesday in Tokyo amid persistent prospects of aggressive interest rate hikes by the Federal Reserve.The yen fell beyond 145.90, the level at which Japan conducted a yen-buying, dollar-selling intervention last month for the first time since 1998 in a bid to stop a further decline in the Japanese currency.The dollar was bought globally as last week's stronger-than-expected U.S. employment data reinforced views the Fed will stick to its monetary tightening policy.The intensifying conflict between Russia and Ukra…READ FULL ARTICLE