Japanese Yen Tumbles Further, Intervention Risks Escalate as USD/JPY Breaches 161
The Japanese Yen (JPY) plunged to a fresh multi-decade low against the US Dollar (USD) on Friday, briefly touching 161.27 before retracing slightly. This renewed weakness comes despite warnings from Japanese Finance Minister Shun’ichi Suzuki, whose repeated assurances of vigilance are now being met with skepticism by the markets. Market Drivers: Intervention Anticipation and Fed […]