Yen falls to 34-year low against dollar - News.com.au. Effect of the continuation of the Bank of Japan's accommodative monetary policy.
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 yen will continue to discount the large interest rate differentials between Japan and the United States, given the divergent monetary policies pursued by the respective central banks.