'Mr Yen' says Japan could intervene if yen falls to 155

Eisuke Sakakibara, known as 'Mr Yen' for his previous influence on the Japanese currency. He is a former Japan vice-minister for finance and international affairs.

The Japanese yen touched its weakest in four months against the dollar to around 151 and tumbled to its lowest since 2008 against the euro, after the Bank of Japan exited the world's last negative rates regime and ahead of the U.S. Federal Reserve's interest rate decision later on Wednesday.

On Wednesday, ahead of the U.S. Federal Reserve's interest rate decision later in the day, the yen touched its weakest in four months against the dollar, falling to around 151 and tumbling He expects the yen to strengthen to 130 by the end of this year or early 2025, saying the period of deflation is over. "The period of inflation is forthcoming," Sakakibara said.

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