The yen fell against the dollar in the foreign exchange market on 24 September, briefly weakening to the upper ¥158 range. This was its weakest level in three weeks, with yen selling and dollar buying prevailing against the backdrop of expectations of further US rate hikes and a widening Japan-US interest-rate differential.
The yen fell against the dollar in the foreign exchange market on 24 September, briefly weakening to the upper ¥158 range per dollar. It is now at its weakest level in three weeks.
The yen's decline has been attributed in part to growing expectations of further US rate hikes, with trading focused on a widening interest-rate differential between Japan and the United States driving yen selling and dollar buying.
Developments after that day are not covered in the article. Other reports have cited related news, including information on preparations by the government and the Bank of Japan for yen-buying intervention.