In the New York market on the 12th, selling the yen and buying dollars picked up, and the yen weakened to the ¥160-per-dollar level. This was the yen's weakest level in approximately two months, drawing market attention to the currency's future direction.
In the New York foreign exchange market on the 12th, selling the yen and buying dollars picked up, and the yen temporarily fell to the ¥160-per-dollar level. This was the yen's weakest level in approximately two months, since early September this year.
The article identifies market trading activity as a backdrop to the yen's weakness, reporting that selling the yen and buying dollars put downward pressure on the exchange rate. The additional dates and figures are as stated in the article, but the key fact at present is that the yen was observed reaching the ¥160 range.