ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Currencies

Yen sell-off rolls past Tokyo's warning of 'necessary steps'

Japanese traders could drive currency as low as 170 to the dollar: hedge fund chief

The yen sank deep into the 144 range against the dollar Wednesday. (Photo by Suzu Takahashi)

TOKYO -- Currency traders' growing confidence that Japanese authorities will not step in to prop up the yen helped drive the currency to a fresh 24-year low Wednesday, with further declines expected.

Finance Minister Shunichi Suzuki voiced concern about the currency's "one-sided" movements and said "necessary steps" would be taken if it continues.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more