Overview

• 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.