In the New York market on the 12th, selling the yen and buying the dollar accelerated, and the yen exchange rate fell to the ¥160-per-dollar level at one point, reaching its weakest level in about 2 months.
In the New York foreign exchange market on the 12th, investors accelerated their selling of the yen and buying of the dollar. As a result, the yen exchange rate fell to the ¥160-per-dollar level at one point.
This was the yen's weakest level in approximately 2 months, highlighting the yen's weakness in the foreign exchange market. Trading thereafter has focused on gauging the market's reaction.