Yen sinks to 158 range vs. dollar, new 34-year low

The embattled Japanese yen continued weakening to the 158 range against the U.S. dollar in New York on Friday, falling to a fresh 34-year low, after the Bank of Japan kept intact its current monetary easing policy.The Japanese currency was hovering in the upper 155 range before the BOJ announced its policy decision. But continued yen-selling and dollar-buying sent the Japanese currency to below the 158 line in New York, briefly hitting 158.44, a level that has not been seen since May 1990.At 5 p.m. in New York, the yen was quoted at 158.32-42 per dollar, compared with 156.70-71 late Friday …READ FULL ARTICLE