Yen Falls to 1986 Lows Amid Dollar Strength
The Japanese yen retreated near its lowest levels since 1986 against the dollar, reaching 161.57, amid continued strength of the dollar and its index hitting its highest level in 13 months. The Japanese Finance Minister discussed with the U.S. Treasury Secretary the possibility of intervening in the currency market to address the sharp fluctuations in the yen, amid growing concerns over the deterioration of the Japanese currency.
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