Yen falls to 34-year low against dollar - Breaking News. The devaluation of the yen continues on the foreign exchange market, reaching its lowest level in 34 years.
In trading in Tokyo the Japanese currency fell to 151.97 against the dollar. The achievement of similar levels in October 2022 led the government to intervene with purchases of yen on the market, to interrupt the weakening phase of the currency. The Bank of Japan (BoJ) has maintained its accommodative monetary policy, despite the recent rise in interest rates.