The Japanese yen has dropped to its lowest level against the US dollar in four decades, putting markets on alert for urgent action by Tokyo to halt a slide that record intervention and higher interest rates have so far failed to stop.

The slump continues in the face of regime change at the Bank of Japan, which ended a negative-interest rate policy in 2024, raising expectations for a revival in the currency.

The yen slid to 161.98 versus the US dollar in New York trading on June 29, breaching the 161.95 mark touched in July 2024. Read more at straitstimes.com. Read more at…

The Japanese yen hit a 40-year low against the dollar, sparking speculation of government intervention. Despite past efforts, the yen continues to weaken due to a significant…

The yen sank past 161.96 per dollar for the first time since 1986 in London trade on Monday.

Markets weigh Takaichi's stance against pressure from weakening currency

The Japanese yen hit a 40-year low against the dollar, sparking intervention fears. Despite past efforts, the yen continues to weaken due to a significant interest rate gap.…