Yen slides past 161 against the dollar, nearing 40-year low and reviving intervention bets
The yen looked punch-drunk on Wednesday after a sudden spill overnight, pressured by wide interest rate differentials between Japan and the rest of the world. Bibek Raj Giri | Moment | Getty Images The Japanese yen breached the 161 level against the U.S. dollar late Thursday, creeping closer to a four-decade low and renewing speculation…