Yen weak in upper 146 range vs. dollar after upbeat U.S. data

The yen faced ongoing pressure in the upper 146 range against the U.S. dollar on Thursday in Tokyo as prospects of aggressive monetary tightening by the Federal Reserve persisted following a stronger-than-expected U.S. producer price index.After nearing the 147 line versus the dollar overnight in New York, the yen traded in the upper 146 zone in Tokyo as U.S. producer prices data on Wednesday fueled speculation that the country's consumer price index data will be strong, dealers said.While the market has already priced in a 0.75 percentage point rate hike in November, a strong CPI could lea…READ FULL ARTICLE