Japan's Yen Falls Again Despite $97 Billion Aid: Pressure on Officials Mounts

Japan's yen has fallen to 160.16 per dollar after $97 billion was spent supporting it over the past month, putting renewed pressure on officials to act and potentially impacting Bitcoin.

The currency fell more than half of its gains since last month's intervention, making imports more expensive for Japanese households and businesses.

Japan spent ¥15.4 trillion between 30 July and 26 August in a campaign that included rare joint action with the US on 31 July when both countries bought yen to lift its value.