Japanese Yen Hits 34-Year Low, Prompting Intervention Speculation

As the yen weakens to its lowest point in decades against the dollar, Japanese authorities hint at possible market intervention.

Japan's yen has reached a 34-year low against the U.S. dollar, prompting speculation about potential government intervention.
Japanese authorities have hinted at possible intervention to stabilize the currency, with finance minister stating decisive steps could be taken.
The Bank of Japan ended its negative interest rate policy and abolished its yield curve control policy, but the yen continues to weaken.
The U.S. Federal Reserve's stance on interest rates, with potential cuts later in the year, plays a significant role in the yen's performance.
Market watchers are closely observing for any signs of intervention, recalling Japan's currency market interventions in 2022.