Currencies
Yen Slumps Broadly as Bank of Japan’s Policy Diverges From Peers
- Japan’s currency reaches lowest since November vs. greenback
- Questions swirl around possible Japanese intervention
This article is for subscribers only.
The yen can’t seem to catch a break this month, disappointing traders banking on a rebound as the currency slid to the weakest levels this year.
The Japanese currency tumbled broadly on Thursday, losing ground versus all its Group-of-10 peers. It dropped almost 1% against the greenback, trading weaker than 143 per dollar for the first time since November, and touched the lowest level against the Swiss franc in Bloomberg data beginning in the early 1970s. Against the euro, the yen fell to a point last seen in 2008.