Yen falls past 160 per dollar for first time since joint intervention

CurrenciesWarsh's comments on inflation fuel expectations of further Fed tighteningThe rise in U.S. Treasury yields boosted demand for dollars, pushing the yen into the 160-per-dollar range. (Photo by Hiroki Endo)YOSHIKAZU IMAHORIAugust 29, 2026 01:26 JSTJACKSON HOLE, Wyoming -- The yen weakened beyond the 160-per-dollar mark on Friday for the first time since Japan and the U.S. conducted a coordinated currency intervention in late July after Federal Reserve Chair Kevin Warsh signaled he remains open to raising interest rates.