Japanese yen tumbles to over 37-year low against U.S. dollar in upper 160 range

TOKYO, June 27 (Xinhua) -- The Japanese yen continued to fall against the U.S. dollar to the upper 160 range early Thursday in Tokyo after slumping to its lowest level in over 37 years as traders grew wary of another possible market intervention by Japanese authorities.

The U.S. dollar rose as high as 160.88 yen in New York, marking the Japanese currency's weakest level since December 1986 and surpassing 160.24