Selling the yen and buying dollars intensified in the New York foreign exchange market, briefly driving the yen down to the ¥160-per-dollar range. This was the first time it had reached that level since the coordinated Japan-US intervention.
Selling the yen and buying dollars accelerated in the New York market, with the yen briefly falling to the ¥160-per-dollar range.
This was the first time that level had been observed since the coordinated Japan-US intervention.