Japanese Yen Sinks to 162.27, Its Weakest Since 1986, Reviving Intervention Bets
Key Takeaways The yen fell to 162.27 per dollar on June 30, its weakest level against the greenback since 1986. A wide rate gap, the BOJ at 0.75% versus the Fed’s 3.50%-3.75%, keeps pressuring the currency. Japan spent a record 11.73 trillion yen ($72.4 billion) on intervention from late April to late May. A Four-Decade…