Japanese Yen Sinks to 40-Year Low Against US Dollar as Tokyo Intervention Looms

By —

The Japanese yen has dropped to its lowest level against the US dollar in four decades. Markets are now on alert for urgent action by Tokyo to halt the slide.

Yen under pressure

The yen's fall to a 40-year low has put the spotlight on Japanese policymakers. Traders are watching closely for any move to support the currency.

Intervention and rate hikes have not stopped the fall

Japan has already used record intervention to defend the yen. It has also raised interest rates. So far, these measures have failed to stop the currency's decline.

The situation remains tense as investors wait to see whether Tokyo will step in again. Any intervention would be aimed at slowing the yen's rapid depreciation against the dollar.

Forex News

Dangote Foundation: full steps for students to get 10 free refinery shares
ABOKI FOREX
Imported petrol landing cost hits N1,328 per litre as MEMAN rejects N1,350 price ceiling
ABOKI FOREX
Ebenco's 30,000bpd Koko refinery gets NMDPRA approval for hydrocarbon introduction
ABOKI FOREX
FG rules out fuel subsidy return and multiple exchange rates
ABOKI FOREX
Naira Gains Against Dollar, Pound, Euro as Official-Parallel Gap Narrows to 2.88%
ABOKI FOREX
MEMAN rejects FG’s ₦1,350 petrol price ceiling, warns it won’t fix supply
ABOKI FOREX
Telecom graduate trainees may earn ₦200,000 to ₦350,000 monthly in 2026
ABOKI FOREX
AfDB Commits $750,000 Grants to Nigerian Women Entrepreneurs
ABOKI FOREX
Customs seeks stronger Nigeria-Benin border controls to curb smuggling
ABOKI FOREX
Bank of Canada faces key inflation and survey data before 'live' October 28 rate call
ABOKI FOREX