Japan policymakers jawbone markets as yen falls beyond key threshold
© Reuters. FILE PHOTO: Japanese Finance Minister Shunichi Suzuki arrives for a news conference during the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 13, 2023.
The Japanese yen weakened to a fresh one-year low of 150.50 per dollar on Thursday and was not far off the 151.94 it touched in October last year, which prompted Japan to intervene in the currency market. Sources have told Reuters a hike to an existing yield cap set just three months ago is being discussed as a possibility in the run-up to next week's policy meeting.
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