Dollar hits 160 yen line, 1st time since late April, on Mideast concerns

The U.S. dollar briefly topped the 160-yen line in Tokyo on Wednesday amid Middle East uncertainty, hitting the important psychological threshold for the first time since late April, before Japanese authorities began currency intervention.At 9 a.m., the U.S. dollar fetched 159.98-99 yen compared with 159.89-99 yen in New York and 159.68-69 yen in Tokyo at 5 p.m. Tuesday.The euro was quoted at $1.1621-1621 and 185.91-92 yen against $1.1626-1636 and 185.96-186.06 yen in New York and $1.1649-1650 and 186.02-06 yen in Tokyo late Tuesday afternoon.In the first 15 minutes of trading in the Tokyo …READ FULL ARTICLE