Yen Sinks to Lowest Level Since 1986

The yen has hit a 4-decade low versus the U.S. dollar despite Japan raising interest rates and spending billions defending the currency. The article attributes the continued slide to forces overpowering the BOJ’s support efforts, keeping near-term downside risk for the yen elevated.

Analysis

The yen has hit a 4-decade low versus the U.S. dollar despite Japan raising interest rates and spending billions defending the currency. The article attributes the continued slide to forces overpowering the BOJ’s support efforts, keeping near-term downside risk for the yen elevated.