Japanese Yen Falls to Lowest Levels Since July

The Japanese yen fell against the dollar in foreign exchange market transactions today, Tuesday, to its lowest levels since last July, recording the worst performance among all major currencies in the world, as analysts attributed the decline to the exit of Japanese individual investors from the market in addition to the stability of the main interest rate in Japan.

The decline in the yen prompted Japanese Finance Minister Katsunobu Mato to warn of the possibility of authorities intervening to confront excessive movements in the exchange rate. By 03:10 Tokyo time, the yen’s decline was estimated at 0.1%, reaching 157.73 yen per dollar, after it was at 0.5%, recording 158.4 yen per dollar at the beginning of trading.