USD/JPY Hits Four-Decade Low Amid Joint US-Japan Intervention
The USD/JPY currency pair has seen significant volatility in recent days, reaching its weakest level since 1986 at 163.73 per dollar last Thursday.
This move was triggered by a relentless yen decline over five consecutive years, pushing up import prices and stoking broader inflation in Japan.
The economic consequence of this trend has been measured in falling public approval ratings for the government, which has become a policy emergency rather than just a market observation.