Yen Slides Past 160 Per Dollar to Weakest Level Since 2024

The yen extended its slide beyond 160 per dollar to its weakest mark this year, fueling risk that Japanese officials may step into the market to offer support.

The currency’s decline will heighten concern among Japanese policymakers. Earlier this week, Minister of Finance Satsuki Katayama said authorities are standing by to respond to foreign-exchange moves as needed around the clock as Tokyo remains on high alert over speculative moves.