Yen Breaks ¥160 per Dollar as Doubts Grow Over Japan's Economic Support
Updated
Updated · The Japan Times · Jun 26
Yen Breaks ¥160 per Dollar as Doubts Grow Over Japan's Economic Support
3 articles · Updated · The Japan Times · Jun 26
Summary
¥160 per dollar gave way decisively, pushing the yen toward levels not seen in nearly 40 years and deepening its latest slide.
Analysts increasingly tie the break to weak underlying economic strength in Japan, arguing the economy is not generating enough demand for the currency.
That shift is challenging a long-held market view that the yen's weakness had to reverse, with investors now questioning what support remains beneath it.
The move leaves the yen's outlook more uncertain, as a breach once seen as unsustainable is starting to look less like a temporary overshoot.