Yen Weakens to New 40-Year Low Against Dollar, Fueling Intervention Fears
The Japanese currency touched its lowest point against the U.S. dollar since 1986, prompting traders to watch for potential market intervention.
Business & Markets • 3 months ago
The Japanese yen has fallen to a fresh 40-year low against the U.S. dollar, reaching its weakest point since 1986. The currency weakened 0.1% to trade at 162.66 yen per dollar on Tuesday, after earlier touching an intraday low of 162.77 against the greenback, according to data from LSEG.
This sustained depreciation has intensified scrutiny from market participants, who are on alert for possible foreign exchange intervention by Japanese authorities. Such intervention would aim to stabilize the yen's value. The weakening trend underscores the significant currency pressures Japan has faced.