The yen fell to the critical psychological threshold of 1 US dollar to 150 yen, putting the risk of intervention by the Japanese authorities back into the focus of market attention. The yen once fell 0.3% to 150.08 yen per dollar, the weakest since August 1. The yen had been falling continuously for the previous two weeks, and investors readjusted the situation where the yield gap between Japan and the US was narrowing at a slower pace. The situation has already changed. The country's new prime minister, Shigeru Ishiwari, hinted earlier this month that Japan was not ready to raise interest rates, but he later said he was seeking a unified approach with the Bank of Japan. The economic report released by the US shows that the economy is resilient, prompting the market to lower expectations for interest rate cuts from the Federal Reserve, which also puts pressure on the yen.

The yen fell to the critical psychological threshold of 1 US dollar to 150 yen, putting the risk of intervention by the Japanese authorities back into the focus of market attention. The yen once fell 0.3% to 150.08 yen per dollar, the weakest since August 1. The yen had been falling continuously for the previous two weeks, and investors readjusted the situation where the yield gap between Japan and the US was narrowing at a slower pace. The situation has already changed. The country's new prime minister, Shigeru Ishiwari, hinted earlier this month that Japan was not ready to raise interest rates, but he later said he was seeking a unified approach with the Bank of Japan. The economic report released by the US shows that the economy is resilient, prompting the market to lower expectations for interest rate cuts from the Federal Reserve, which also puts pressure on the yen.