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The Economic Times
The Economic Times

Yen pinned near 40-year low in test of Tokyo's intervention resolve

The yen weakened anew on Tuesday as traders grew emboldened to push the currency lower with no sign yet of intervention by Japanese authorities, though the risk of a surprise yen-buying move by Tokyo kept losses in check.

The yen struggled on the weaker side of 162 per dollar in early Asia trade and languished near its lowest level against the British pound since 2007 ‌at 217.09, having ⁠slid to ⁠a new low overnight.

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