The yen sank to the upper 156 level against the US dollar Friday in Tokyo, with fears of intervention by Japanese authorities allowing the US currency to briefly drop roughly two yen after the Bank of Japan left unchanged its current monetary easing policy.
At 5 pm, the dollar fetched 156.70-71 yen compared with 155.59-69 yen in New York and 155.62-64 yen in Tokyo at 5 pm Thursday.
The euro was quoted at $1.0729-0730 and 168.13-17 yen against $1.0725-0735 and 166.94-167.04 yen in New York and $1.0720-0721 and 166.83-87 yen in Tokyo late Thursday afternoon.
The yen dropped as low as 156.82, a new 34-year low, from around the mid-155 zone after the BOJ decided to leave its monetary policy unchanged at the end of a two-day policy board Friday.
Financial data screens in Tokyo show the US dollar rising above the 156 yen line on April 26, 2024. (Kyodo)
The yen sank to the upper 156 level against the US dollar Friday in Tokyo, with fears of intervention by Japanese authorities allowing the US currency to briefly drop roughly two yen after the Bank of Japan left unchanged its current monetary easing policy.
At 5 pm, the dollar fetched 156.70-71 yen compared with 155.59-69 yen in New York and 155.62-64 yen in Tokyo at 5 pm Thursday.
The euro was quoted at $1.0729-0730 and 168.13-17 yen against $1.0725-0735 and 166.94-167.04 yen in New York and $1.0720-0721 and 166.83-87 yen in Tokyo late Thursday afternoon.
The yen dropped as low as 156.82, a new 34-year low, from around the mid-155 zone after the BOJ decided to leave its monetary policy unchanged at the end of a two-day policy board Friday.
Related coverage:
BOJ keeps short-term rates unchanged at policy meeting
Japan ready to take necessary steps on yen movements: finance chief
Dollar at 34-yr. highs in upper 155 yen as intervention line tested
