Yen Slides to 162.50, Nearing 40-Year Low

The Japanese Yen continued its decline against the US Dollar for a second consecutive session on Friday, moving into the 162.50 area. This brings the currency close to the 40-year low of 162.84 reached earlier this year.

The persistent weakness comes as the dollar maintains strength, pushing USD/JPY toward levels not seen in decades. Market participants are closely watching for potential intervention by Japanese authorities, though no official comments have been issued recently.

The yen's slide reflects ongoing interest rate differentials between Japan and the US, with the Bank of Japan maintaining an ultra-loose policy while the Federal Reserve keeps rates elevated.