Eileen remains near lows amid Japan's intervention efforts

The Japanese yen remained near its lowest levels in over 40 years, as concerns grew about possible intervention by Japanese authorities to support the currency before the weekend. Analysts said that surpassing the 161.96 yen per dollar level would bring the Japanese currency to its lowest point since 1986. The yen had recorded a two-year low of 161.95 yen on Thursday, as markets continued to decline amid rising economic tensions. The Japanese government is planning to support growth and may intervene in the foreign exchange market to prevent the currency from weakening further.

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