Live Feeds
● LIVE Updated 1h ago · 20 sources tracked

Yen teeters on cusp of 40-year low as BOJ hike fails to stem rout

The Japanese yen has fallen past 161 against the US dollar, approaching its weakest level in four decades. Recent efforts by the Bank of Japan to raise rates and an intervention exceeding $70 billion failed to stabilize the currency. Markets are now anticipating further action from Japanese authorities.

RSS Source map (15)

What changed

The yen slid past 161 against the dollar, erasing gains made from interventions since April.

Live updates

  1. Yen Nears 40-Year Low Despite BOJ Rate Hike

    The Japanese yen has fallen past 161 against the US dollar, approaching its weakest level in four decades. Recent efforts by the Bank of Japan to raise rates and an intervention exceeding $70 billion failed to stabilize the currency. Markets are now anticipating further action from Japanese authorities.

    What's confirmed:

    • The yen is nearing a 40-year low.
    • The Bank of Japan implemented a rate hike that failed to stop the currency rout.
    • Japan conducted an intervention of more than $70 billion to support the yen.
    • The yen has fallen past 161 against the US dollar.

    Still unconfirmed:

    • Japan may act any time to intervene in the currency markets.
    • Katayama has issued warnings regarding bold action.
    • A peace deal between the United States and Iran is affecting the dollar's strength.
    confidence 90%