The yen slumped to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the US rate outlook.

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 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.…

Japanese Finance Minister Satsuki Katayama said authorities were ready to respond appropriately at any time, without giving stronger signals. The sharp decline has fuelled growing…