The Japanese yen fell to its weakest level since 1984 against the dollar, defying intervention warnings amid broad USD strength.
The Japanese yen plunged to a 40-year low against the dollar, with USD/JPY reaching 163.81 on Friday. The decline persists despite repeated warnings from Japanese authorities about potential currency intervention.
The yen’s slide reflects a broader strengthening of the US dollar, driven by diverging monetary policies between the Federal Reserve and the Bank of Japan. Earlier this week, the yen traded near 160, with markets closely watching for signs of official action.
No immediate market reaction was specified, but the yen’s weakness continues to pressure import costs and inflation in Japan.