The yen fell below the 153 line against the U.S. dollar on Wednesday in New York for the first time in nearly 34 years, as data showing higher-than-anticipated U.S. inflation added to expectations that the Federal Reserve may delay interest rate cuts. The U.S. consumer price index data for March, showing a 3.5 percent increase compared to a year earlier, raised questions about how early the Fed will begin to bring down borrowing costs given its use of high rates to fight persistent inflation in the world's largest economy. The reading, released in the morning, triggered further dollar-buying and yen-selling, which ... (full story)