Dollar at 34-yr. highs in upper 155 yen as intervention line tested

The U.S. dollar rose to new 34-year highs in Tokyo in the upper 155 yen range on Thursday, as currency traders tested the limits of the yen's weakness amid speculation that a market intervention by Japanese authorities is still a way off.Recent firmer-than-expected U.S. economic data has reduced trader bets that the Federal Reserve will soon cut interest rates, suggesting a continuation of the wide interest rate differential between Japan and the United States that sent the yen to as low as 155.74 in Tokyo.At 5 p.m., the dollar fetched 155.62-64 yen compared with 155.28-38 yen in New York a…READ FULL ARTICLE