URGENT: Yen tumbles to 151 zone vs. dollar in London, fresh 32-year low

The yen slid to the lower 151 zone against the U.S. dollar on Friday in London, hitting a fresh 32-year low on the view that the U.S. Federal Reserve will continue with interest rate hikes to tame rising inflation in the country.

The dollar drew buying as the 10-year U.S. Treasury yield maintained its upward tone after touching a new 14-year high on Thursday, following hawkish remarks from Federal Reserve Bank of Philadelphia President Patrick Harker.

© Kyodo News