Yen's Breakthrough of 160 Triggers Intervention Fears

The yen has breached the 160 mark against the US dollar, sparking concerns that Japanese authorities may intervene in the currency market again.

US Treasury Secretary Scott Bessent stated that he believes the Japanese government and Bank of Japan will take action to strengthen the yen.

Pioneer Investments' Paresh Upadhyaya warns that investors should remain on edge for intervention risks, as the yen remains vulnerable to moves in US interest rates and broad-based swings in the dollar.