MarketPR
The Japanese yen has fallen through ¥162 per dollar, reaching its weakest level in four decades as a hawkish shift from the Federal Reserve piles additional pressure on the currency.
The milestone marks a sustained deterioration in the yen's purchasing power that will register across every import invoice, energy contract, and cross-border balance sheet denominated in dollars.
A Four-Decade Low in Context A 40-year low is not a rounding error — it is a structural statement.
The last time the yen traded at these levels, the policy landscape that eventually produced the Plaza Accord was still taking shape.
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