Published on
30/06/2026 - 11:57 GMT+2
The Japanese yen fell to around 162.4 per dollar in Asian trading on Tuesday morning, its lowest level since 1986.
The drop extends a punishing run for the yen, which has kept weakening despite the Bank of Japan's efforts to support it, and now revives the prospect that the authorities will step into the market directly.
Japan's finance minister, Satsuki Katayama, has already responded to the situation by stating that the government was ready to take "appropriate" and even "decisive" action against excessive currency moves, adding that she had confirmed with Washington that such a step remained an option.
