Yen Weakens Past Key 155 Level, Adding to Intervention Risk
- Japanese officials have said they’d step into market if needed
- The yen has fallen against all Group-of-10 peers this year
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The yen weakened beyond 155 per dollar for the first time in more than three decades, fueling risk that the key level may prompt Japan to step into the market.
The Asian nation’s currency depreciated as much as 0.4% to a session low of 155.37 on Wednesday, marking the first time since June 1990 the yen crossed the 155 level against the greenback. The yen pared the move and traded at 155.21 as of 7:27 a.m. in Tokyo on Thursday.