Yen weakens past ¥160 per dollar, eroding intervention gains

The Japanese yen has weakened past the 160 per dollar threshold, effectively eroding previous intervention gains. This breach highlights the currency's vulnerability to further decline and has placed traders on high alert. Consequently, there is a heightened risk that Japanese authorities will enter the market again to slow the yen's depreciation. The current market situation underscores the ongoing instability of the currency as it faces continued pressure against the US dollar in recent trading sessions.