The yen slid past 163 per dollar for the first time since 1986, extending its decline and increasingly testing Japanese authorities’ resolve to intervene.

Japan’s currency fell as much as 0.5 per cent to 163.24 per US dollar overnight as the greenback strengthened. Read more at straitstimes.com. Read more at straitstimes.com.

The yen slid past 163 per dollar for the first time since 1986, extending its decline and increasingly testing Japanese authorities’ resolve to intervene.