Yen Hits Fresh 34-Year Low as BOJ Maintains Low Interest Rates

The Japanese yen continues to weaken, reaching new lows against the dollar, sparking concerns of potential market intervention.

The yen fell to a 34-year low, trading beyond 158 per dollar, following the Bank of Japan's decision to keep interest rates unchanged.
Market analysts speculate on the possibility of intervention by Japanese authorities to stabilize the currency.
Record high bearish positions on the yen were reported, with traders increasing short positions ahead of the BOJ meeting.
The gap between U.S. and Japanese interest rates, with the U.S. at its highest in decades, exacerbates the yen's decline.
Financial markets are on high alert for any signs of intervention, which could include selling U.S. dollar assets to buy yen.