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The Japanese yen weakened past 155 per dollar on Wednesday, extending its decline for a third consecutive session as the dollar strengthened ahead of an expected interest rate hike by the US Federal Reserve. The yen also came under pressure from rising oil prices, which are increasing import costs for Japan’s oil-depen
The Nikkei 225 fell 1% to below 64,600 and Topix dropped 0.65% to 4,020 on Thursday, extending losses for a third consecutive session. The move was linked to elevated oil prices, inflation concerns and growing expectations for near-term rate hikes, plus overnight weakness after US Treasury yields rose.