Japan warns yen traders as currency nears 40-year low (opens in new tab)

The yen traded near its weakest level in nearly four decades on Friday, changing hands around 161.25 to 161.30 per dollar in Tokyo after touching 161.81 overnight, its weakest since July 2024. A move beyond the 2024 high near 161.96 would leave the currency at its weakest level since 1986, while Finance Minister Satsuki Katayama said Japan stood ready to take decisive or “bold action” against speculative foreign-exchange moves. The slide has continued despite Japan’s latest rate increase and ...