Japanese Authorities Could Allow Yen to Extend Falls -- Market Talk

Dow Jones
03/13

1202 GMT - Japanese authorities could allow the yen to weaken below its supposed pain threshold against the dollar as any currency interventions are unlikely to have lasting success, MUFG Bank's Derek Halpenny says in a note. "The Ministry of Finance may well allow a break through the [dollar-yen] 160-level in order to gauge price action above that key level." The problem is that the yen's recent falls are driven by a stronger dollar, he says. It's also difficult to argue there has been disorderly moves with the dollar just 2% higher versus the yen since the conflict started, he says. The dollar is steady at 159.29 yen after earlier reaching a 20-month high of 159.68, LSEG data show. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

March 13, 2026 08:02 ET (12:02 GMT)

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