The Japanese Yen Falls to Its Weakest Since 1986, Near 163 to the Dollar, as Tokyo Pledges Decisive Action
The Japanese yen has fallen to its weakest level since 1986, with the dollar reaching around 163 yen, prompting the government in Tokyo to signal that it is ready to intervene. The slide extends a prolonged period of weakness for the yen, driven largely by the wide gap between Japanese interest rates and the higher…
