US dollar extends losses vs yen, hits lowest since mid-Sept

[SINGAPORE] The dollar slipped to a four-month low against the yen on Wednesday, pressured by simmering concerns that the US currency's yield advantage will start to erode as major central banks head toward unwinding their massive stimulus.

The dollar touched a low of 110.06 yen at one point, its lowest level since Sept 15, and was last trading at 110.16 yen, down 0.1 per cent from late US trade on Tuesday.

REUTERS