Yen weakens past ¥160 per dollar, eroding intervention gains
The story
Article URL: https://www.japantimes.co.jp/business/2026/08/29/markets/yen-160-dollar-intervention/
Comments URL: https://news.ycombinator.com/item?id=49504352
Points: 9
# Comments: 1
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- • The yen fell past ¥160 per dollar in late August 2026.
- • Japan spent a record $96.4 billion in late July to support the currency.
- • Intervention gains have largely evaporated due to the U.S. dollar's strength.
The yen's decline stems from a wide yield gap between the U.S. and Japan. Despite massive government spending, market forces continue to favor the dollar over the yen.
Christian Perspective
Economic instability caused by currency manipulation reflects a lack of stewardship and order. Financial volatility disrupts the ability of families to plan for their future and maintain a stable household.
Im
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