Yen Falls Below 160 Per Dollar to Weakest Level Since Mid-2024
The Japanese yen fell below 160 per dollar, reaching its weakest level since mid-2024, raising concerns about potential intervention by Japanese officials. The decline follows the Federal Reserve's policy meeting and the Bank of Japan's recent decision not to signal a clear timeline for interest-rate hikes. Japanese policymakers remain on high alert for speculative moves in the currency.
Tickers: $JPM
Topics: Bank of Japan Central bank intervention Federal Reserve Foreign exchange Yen depreciation