🚨YEN SLIDES TO 40-YEAR LOW AT ~161.6 VS DOLLAR!!! The Japanese yen has weakened to around 161.6 per USD, marking its lowest level since 1986. Key drivers include: - Persistent expectations of higher U.S. interest rates widening the rate gap with Japan - Rising oil prices adding to imported inflation pressures Japanese officials have reiterated they stand ready to intervene in FX markets to curb excessive moves and support the yen.
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