Japanese yen weakens to fresh 37-year low against U.S. dollar below 161 line

TOKYO, June 28 (Xinhua) -- The Japanese yen dropped further to a fresh 37-year low against the U.S. dollar in Tokyo on Friday, crossing the 161 line for the first time since 1986.

At 11 a.m. local time, the U.S. dollar fetched 161.05-08 yen, the Japanese currency's weakest since December 1986, stoking expectations of another possible yen-buying intervention by Japanese authorities.

Japanese Finance Minist