Yen hits 8-month low in 153 range vs. U.S. dollar

The yen continued its slide against the U.S. dollar on Wednesday in both European and New York trading, briefly sinking to around an eight-month low, past the 153 line.The yen has been under pressure amid fading expectations of an imminent interest rate hike by the Bank of Japan and growing concerns over the deterioration of the country's fiscal health after Sanae Takaichi, known as a fiscal dove and proponent of easy monetary policy, was chosen as the ruling Liberal Democratic Party's leader.She is likely to become the next prime minister later this month.At 9 a.m. in New York, the dollar …READ FULL ARTICLE