The yen weakened past the key \u00a5160-per-dollar level as it extends a slide that\u2019s erased more than half of its intervention-fueled gains.<\/p>\n
The Japanese currency slipped as much as 0.5% to \u00a5160.16 versus the greenback after the dollar got a boost from Federal Reserve Chairman Kevin Warsh\u2019s vow to hit the central bank\u2019s inflation target. Traders now are carefully watching yen levels for signs of when authorities might move to protect the currency.<\/a><\/p>\n The yen has been under pressure since failing to push through \u00a5155 earlier this month in the wake of joint action on July 31,<\/a> when the U.S. and Japan conducted their first coordinated yen-buying intervention since 1998. The latest bout of yen weakness emerges even after U.S. Treasury Secretary Scott Bessent made a fresh attempt to rein in long-term U.S. borrowing costs from multiyear highs.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The yen weakened past the key \u00a5160-per-dollar level as it extends a slide that\u2019s erased more than half…\n","protected":false},"author":2,"featured_media":599296,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,2288,1980,24531,85,46,60766,2635,4374,24794],"class_list":["post-599295","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-dollar","tag-finance-ministry","tag-forex","tag-il","tag-israel","tag-satsuki-katayama","tag-scott-bessent","tag-u-s","tag-yen"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/599295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=599295"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/599295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/599296"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=599295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=599295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=599295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}