Yen weakens past ¥160 per dollar, eroding intervention gains

Traders now are carefully watching yen levels for signs of when authorities might move to protect the currency.

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-doll