Yen tumbles to 153 against dollar on U.S. inflation, raising intervention risk

All eyes on whether Japanese government steps in to halt decline

It hasn't cost 152 yen to buy a dollar since 1990. If the Japanese government does not step into the market, analysts say a dollar might soon cost 155 yen. © Reuters

LISA KIM and JACK STONE TRUITT, Nikkei staff writers

April 10, 2024 21:42 JST

Updated on April 11, 2024 09:23 JST

TOKYO/NEW YORK -- The yen sold off against the dollar in New York trading Wednesday after the latest U.S. inflation data, creating the potential for the Japanese government to intervene as it did in 2022 to halt the decline.