Yen falls to 8-month low vs. U.S. dollar on receding BOJ rate hike hopes

The yen continued its slide against the U.S. dollar on Tuesday in New York, briefly falling to a roughly eight-month low of 152.03.The yen remained under selling pressure as expectations for a Bank of Japan interest rate hike later this month faded after easy-policy advocate Sanae Takaichi won the ruling party's presidential election over the weekend.At 5 p.m., the dollar was trading at 151.85-95 yen, compared with 150.62-64 yen in Tokyo at 5 p.m. local time.Takaichi, who is expected to become Japan's prime minister later this month, has called for fiscal stimulus and supports keeping the B…READ FULL ARTICLE