Yen Hits New Lows Amid US Dollar Strength

The Japanese yen continued its downward trend on September 22nd, trading near 157.48 per US dollar. This decline is attributed to a resilient US currency and widening interest-rate differentials between the two countries.

The Federal Reserve's hawkish signals, reinforced by officials' expectations of further US rate hikes, supported the dollar and put additional pressure on the yen.

Japan was observing a holiday, leading to subdued trading, but investors remained vigilant for potential intervention risks due to thin liquidity.