Reported 9 months ago
The Japanese yen has dropped to its lowest level since 1986, leading to speculation that authorities may need to intervene to support the currency and prevent further decline. The currency's depreciation is causing worries among businesses and consumers in Japan, with officials closely monitoring the foreign exchange market and considering appropriate measures. Despite the significant gap in interest rates between Japan and the US, the yen continues to weaken, prompting discussions about potential intervention at critical levels.
Source: YAHOO