The Japanese yen weakened to around 158.2 per dollar on Wednesday, staying close to its lowest levels in more than five months and approaching the 160 per dollar threshold that triggered intervention six months ago.
Yen nears 5-month low as BOJ signals caution
Earlier this week, Finance Minister Katsunobu Kato reiterated his warning against speculative, one-sided movements in the currency market, signaling the government's readiness to step in if excessive volatility continues. The yen has faced downward pressure amid rising uncertainty over the timing of interest rate hikes by the Bank of Japan.
BOJ governor emphasizes caution amid economic uncertainty
BOJ Governor Kazuo Ueda emphasized that any policy changes would depend on economic, price, and financial conditions, highlighting the importance of sustainable wage growth. The central bank also stressed the need for caution in light of domestic and global uncertainties.
