The Japanese yen has weakened to its lowest level against the US dollar since December 1986, crossing the 160 mark. The yen fell to 160.31 per dollar, with a peak at 160.39 and 160.40, raising speculation that Japanese authorities may intervene to support the currency, as they did in late April when they sold $55 billion of US dollars and bought $55 billion of yen. The currency has weakened more than 12% this year, amplifying concerns about potential economic impacts and the need for intervention. The drop follows comments from Japan's Kanda.
1/3 *YEN WEAKENS TO LOWEST SINCE 1986 AGAINST THE US DOLLAR -- In late April, the Japanese Government intervened to halt the weakening Yen. They sold $55 billion of U.S. Dollars and bought $55 billion of Yen. The intervention had no long-lasting impact https://t.co/zyBqWixTCw
⚠️ US DOLLAR DROPS TO US SESSION LOW OF 160 YEN AFTER HITTING NEW 38-YEAR HIGH OF 160.40 AFTER JAPAN'S KANDA'S COMMENTS
Yen Weakens to Lowest Since 1986 https://t.co/pQMaCt9Qgy
BREAKING 🚨: Japan Japanese Yen falls to its lowest level against the U.S. Dollar since the 1980s after crossing the 160 level https://t.co/NqAN4UAtgc
🇯🇵Yen’s Tumble to Weakest Since 1986 Boosts Risk of Intervention “The #yen fell to the weakest level since 1986, fanning speculation authorities may be soon be forced to support the currency again…The currency has weakened more than 12% this year” https://t.co/Y0mLfrnJay https://t.co/Z69TvDBsnR
Yen’s Tumble to Weakest Since 1986 Boosts Risk of Intervention https://t.co/8jPZHRfhnB
Japanese yen falls to weakest level since 1986 https://t.co/vvLJ93Ha7M
Yen falls below 160 to dollar, hitting lowest level since 1986 https://t.co/DPSM6QU9TZ
The Japanese yen has weakened to the lowest level against the US dollar since 1986
#Yen slides to weakest since 1986, raising risk of intervention https://t.co/TCikDEB0x4
Yen weakens to 160.39 vs. US dollar, lowest since December 1986 https://t.co/ZugpcTtRPy
⚠️BREAKING: *JAPAN'S YEN HITS WEAKEST SINCE DECEMBER 1986 VS U.S. DOLLAR $USD $JPY https://t.co/lFVirOdikK
NEW: The yen weakens to the lowest level against the dollar since 1986 https://t.co/RdrgEsgq7a https://t.co/zFIXow4yxt
*YEN WEAKENS TO 160.31 VERSUS DOLLAR, LOWEST SINCE 1986
The yen weakened beyond 160 against the dollar, a level that triggered a sharp reversal on April 29 due to suspected intervention, raising speculation Japanese authorities may intervene to support the currency again https://t.co/1ZDYkUfd05
YEN WEAKENS TO 160 PER DOLLAR, RAISING RISKS OF INTERVENTION
*YEN WEAKENS TO 160 PER DOLLAR, RAISING RISKS OF INTERVENTION
The yen is at risk of sliding to levels last seen in 1986, with bearish traders unfazed by the specter of government intervention to bolster Japan’s embattled currency https://t.co/N0v9Di4hBA
BREAKING 🚨: Japan Japanese Yen on the verge of its lowest close against the U.S. Dollar in 34 years and is now in danger of falling below 160 https://t.co/uIkziMeb6Z