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Yen Edges Toward Intervention Levels as Payrolls, Holiday Loom

  • Currency approaches a Sept. 22 low of 145.90 per dollar
  • Significance of 145 will diminish fairly quickly, RBC says
Updated on

The yen is once more weakening toward levels that triggered direct market intervention last month, as traders test authorities’ tolerance for a depreciating currency.

The Japanese currency reached 145.14 per dollar in Tokyo trading Friday and was set for an eighth straight week of declines. It hit 145.90 per dollar on Sept. 22, triggering intervention from Japan that led to a near-4% intraday rally in the yen.