Japanese Yen Hits 6-Week Low Near 160.50 on Hot US Inflation

The Japanese yen touched a fresh six-week low against the US dollar on Thursday, with the USD/JPY pair climbing to approximately 160.55 during the early Asian session. The move follows a hotter-than-anticipated US inflation print, which has bolstered the view that the Federal Reserve will keep interest rates elevated for longer.

Traders are now watching for possible intervention from Japanese authorities, as the yen's slide approaches levels that previously triggered verbal warnings. The pair's ascent around the 160.50 mark has historically been a sensitive zone for Tokyo's currency officials.